-The Hindu Business Line Only ₹242 crore was transferred as LPG subsidies in FY22 compared to ₹37,209 crore in 2018-19, shows data The amount of money disbursed as LPG subsidy by the Centre has been steadily coming down since 2019-20. According to the Ministry of Petroleum and Natural Gas, only ₹242 crore was transferred as LPG subsidies in FY22 compared to ₹37,209 crore in 2018-19. This was when the maximum number of...
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LPG price crosses Rs.1,050, cylinder refills decline among PMUY consumers -Vignesh Radhakrishnan & Jasmin Nihalani
-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...
More »Cylinder, subsidy give-outs on a downhill since FY20 -Parvathi Benu
-The Hindu Business Line Only ₹242 crore was transferred as LPG subsidies in FY22 compared to ₹37,209 crore in 2018-19, shows data The amount of money disbursed as LPG subsidy by the Centre has been steadily coming down since 2019-20. According to the Ministry of Petroleum and Natural Gas, only ₹242 crore was transferred as LPG subsidies in FY22 compared to ₹37,209 crore in 2018-19. This was when the maximum number of...
More »Central excise duty on petrol and diesel cut, says FM Nirmala Sitharaman -Vikas Dhoot
-The Hindu The measures included a ₹8 reduction in central excise duty per litre of petrol and a ₹6 cut in the duty on diesel. Finance Minister Nirmala Sitharaman unveiled a slew of measures to rein in runaway inflation on Saturday evening, including duty cuts on petroleum products, a ₹200 subsidy on LPG cylinders for the poor and a rejig of import duties on plastic and steel products. A reduction in central excise...
More »Retail inflation is not just about petrol, diesel -TS Ramakrishnan
-The Hindu Business Line Rather than cut fuel prices, encouraging farmers to step up cultivation of oilseeds and raising LPG subsidy and vegetables will ease food inflation It is true that a reduction in the prices of petro products will result in a modest fall in the prices of various commodities. However, the reduction in petro prices will happen only when both Central and State governments forgo a substantial portion of the...
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