The central authorities has nearly doubled the subsidy given on home LPG cylinders, giving nice reduction to home fuel shoppers. This may have much less influence on shoppers as a result of worth hike a day earlier.
Understand the arithmetic of subsidy
In truth, the oil corporations had elevated by Rs 144.50 per cylinder, whereas their subsidy has elevated by Rs 137.62. Thus shoppers should bear a burden of solely about Rs 6.88 per cylinder. However, they should spend more cash to purchase fuel first. The authorities subsidizes each fuel cylinder. After rising the worth, it was introduced that as an alternative of Rs 154, subsidy shall be Rs 291. <! –
Those getting fuel connections below the Prime Minister Ujjwala scheme will now get a subsidy of Rs 312 as an alternative of Rs 175.
Ministry's defensive assertion
After the worth hike on LPG fuel cylinders, there have been sturdy reactions throughout the nation, in the meantime, a press release from the Ministry of Petroleum and Natural Gas on Thursday mentioned that the federal government has nearly doubled the quantity obtained on fuel cylinders. The assertion mentioned that until date, subsidy of Rs 153.86 per cylinder was obtainable within the capital Delhi, which has been elevated to Rs 291.48.
Similarly, until date, subsidy of Rs 174.86 per cylinder was given on connection distributed below the Prime Minister Ujjwala scheme. It has now been elevated to Rs 312.48 per cylinder. Domestic shoppers get subsidy on 12 cylinders a 12 months. If you purchase greater than this, you need to pay on the market worth.