HomePolitics LPG Price Reduction: Government Slashes LPG Prices by ₹200

 LPG Price Reduction: Government Slashes LPG Prices by ₹200

In a decisive move, the Union Cabinet has announced a ₹200 reduction in the price of a 14.2 kg LPG cylinder, effective immediately. This decision, made on August 30, 2023, comes as a breath of fresh air for millions of domestic LPG consumers throughout the nation. The price of a 14.2 kg LPG cylinder in Delhi, currently standing at ₹1,103, will now be available at a more affordable ₹903. Importantly, this price cut extends its benevolent reach to every corner of the country.

The price of LPG has been on the rise in recent months, due to several factors, including the increase in crude oil prices. The government has taken several steps to control the rising prices of LPG, including providing subsidies to LPG consumers.

Anurag Thakur, the Union’s Minister of Information and Broadcasting, said: “The government has decided to reduce the price of a domestic gas cylinder by Rs 200 on the occasion of Raksha Bandhan. This is where Prime Minister  Narendra Modi gives gifts to the women of the country”.

The price reduction also applies to beneficiaries under the Pradhan Mantri Ujjwala Yojana (PMUY). The Cabinet Committee on Economic Affairs has approved a subsidy of Rs 200 per 14.2 kg cylinder up to 12 refills per year to be provided to the benefit of Pradhan Mantri Ujjwala Yojana (PMUY). Furthermore, experts believe that this price cut will boost demand for cylinders in the coming months, including among beneficiaries of the Ujjwala Subsidy program taking the overall price of cylinders comes under Ujjwala Yojna is Rs 400. Increased consumption benefits not only consumers but also the businesses involved in the production and distribution of LPG, ultimately stimulating economic growth.

The latest price cut is seen as a major relief to domestic LPG consumers. It is also seen as a political move by the government, ahead of the upcoming assembly elections in five states. The government has said that it will continue to take steps to control the prices of LPG and other essential commodities.

However, the price cut has been welcomed by consumers and industry experts alike. Consumers have expressed relief at the much-needed respite from the rising prices of LPG. Industry experts have said that the price cut will boost demand for LPG in the coming months. The price cut is also expected to have a positive impact on the economy. It will help to reduce the burden on household budgets and boost consumer spending. It will also help to keep inflation in check.

The government’s decision to cut LPG prices is a welcome move. It will provide relief to millions of consumers and boost the economy.

also read : https://stmnnews.com/sanjay-raut-alleges-tactical-use-of-surgical-strikes-for-electoral-gains-before-2024-elections/

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