LPG Subsidy From December! Check Out Who Are Likely To Benefit

The Modi government may soon restore full subsidy to PMUY beneficiaries, but for non-PMUY consumers, an income ceiling of Rs 5 lakh may be fixed

LPG Subsidy Back?

News Summary

The 14.2 kg LPG cylinder is now costing Rs 926 in Bhubaneswar; whereas the cost in July 2020 was Rs 621. During the last 16-months (Aug 2020-Nov 2021), the price of 14.2 kg cylinder rose by a massive 49 percent. Odisha has around 89 lakh consumers.

With the Covid-19 situation gradually easing across the country, and when Saudi Aramco has hiked the LPG prices per metric tonne to $870 for propane and $830 for butane in November, from $800 and $795, respectively, in October, in order to control the surging main cooking fuel price, the Modi government may restore the LPG subsidy from next month.

Even as the Modi government has stopped the LPG subsidy from July 2020, on account of a sharp fall in international LPG benchmark prices (Saudi Aramco), the international prices, however, had started rising since November 2020. But a massive rise has taken place in the current year (2021).