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Gas Subsidy News: Subsidy on gas cylinder ends! Know government's answer

According to the report of the news agency UNI, the price of gas cylinder has been increased by Rs 100 in the last year in the country. Let us know that in July last year in the national capital, the price of 14.2 kg LPG cylinder was Rs 637, which has now come down to Rs 594.

30th July, 2020

Gas Subsidy News: Central Government has stopped the subsidy on gas. It is being told that this ban has been imposed since May. That means subsidy money would have stopped coming into your account after the month of May. There is no official confirmation on why the government has taken this decision.

In a tweet from the official Twitter handle of the Petroleum Ministry, it has been told that the government has decided to end the subsidy after May. The ministry said that the government had decided to end the gas subsidy at the time of the revised price of May, due to which the subsidy money has not been transferred even after taking gas in May and June.

Price can decrease from August 1 - tell you that from August 1, the price of gas can be cut. Preparations are going on at the central government level. Both phases of Unlock-2 are being completed by 31 July. After this, what does the central government decide? Everyone is watching this now. Believe the preferred officer of the oil companies or it is likely that the prices of LPG cylinders revisited on August 1 will come down and subsidy cylinders may be cheaper.

Price up by Rs 100 in a year - According to the report of the news agency UNI, the price of gas cylinder has been increased by Rs 100 in the last year in the country. Let us know that in July last year in the national capital, the price of 14.2 kg LPG cylinder was Rs 637, which has now come down to Rs 594.

Significantly, the central government used to subsidize 12 cylinders of 14.2 kg for each household in a year. If you want more cylinders than this, then you have to buy at the market price. Although the subsidy the government gives on 12 cylinders every year, its price also varies from month to month. Factors such as the average international benchmark and changes in foreign exchange rates determine the subsidy amount.

Category: Business

Tags:
gas subsidy
gas rate

Reported by:
Khushbu Kumari Jha