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LATEST NEWS UPDATES | LPG price crosses Rs.1,050, cylinder refills decline among PMUY consumers -Vignesh Radhakrishnan & Jasmin Nihalani

LPG price crosses Rs.1,050, cylinder refills decline among PMUY consumers -Vignesh Radhakrishnan & Jasmin Nihalani

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published Published on Jul 27, 2022   modified Modified on Jul 28, 2022

-The Hindu

The price surge in LPG cylinders has pushed consumers to lower the number of LPG refills with 5% of the PMUY beneficiaries refilling just once per year in FY22

The price of a 14.2 kg cylinder has skyrocketed to 1,053 in July 2022. Though a subsidy of 200 per cylinder was recently announced for the Pradhan Mantri Ujjwala Yojana beneficiaries, the subsidised rate of 853 is still double the amount paid in 2015. In fact, the government’s expenditure on LPG subsides in FY22 has crashed to just 242 crores. The steep rise in retail gas prices is also due to the spiralling international LPG prices which now form 80-90% of the retail cylinder price. The price surge has pushed consumers to lower the number of LPG refills with 5% of the PMUY beneficiaries refilling just once per year in FY22

Thousand and counting

Between May 2020 and May 2022, no subsidy was declared by the government for domestic cylinders in Delhi. Following a sharp rise in non-subsidised LPG prices, consumers have been paying higher market rates, which in May 2022 averaged at 999.5 per 14.2 kg cylinder in Delhi.

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The Hindu, 27 July, 2022, https://www.thehindu.com/data/data-lpg-price-crosses-rs-1050-cylinder-refills-decline-among-pmuy-consumers/article65689144.ece?homepage=true


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