LPG subsidy: Oil companies increase the price of LPG gas cylinders – find out the reason why LPG gas is not getting subsidy

Highlights:

  • The price of a gas cylinder has gone up by Rs 0 this month
  • But the situation is not clear about LPG subsidy
  • The government has not said whether it will subsidize the oil companies

New Delhi
Although oil companies have increased the price of LPG cylinders by Rs 500 this month, the status of the subsidy is unclear. Many consumers booked cylinders at higher prices this month but the subsidy did not reach their account. In Delhi, the price of a 14.2 kg gas cylinder has gone up to Rs 64,644 in December from Rs 59,4 in November. The price of gas was increased after five months. The price of gas cylinders had not changed since July.

Most cooking gas consumers have not received subsidies since May. This is because the reduction in international oil prices and the increase in domestic refill rates made the price of subsidized cylinders and commercial cylinders equal. In June last year, the price of a subsidized gas cylinder in Delhi was Rs 497. Since then, it has risen by Rs 1,147. In June, the subsidy in Delhi was Rs 2,240.

What is confusion
Industry insiders say the government has not told government oil companies whether consumers who buy cylinders in December will receive subsidies. The cookie gas subsidy for the government has dropped to Rs 112.2 crore in the first half of this fiscal year from Rs 2263535 crore in the fiscal year 20-202012. LPG subsidies have declined by 2 per cent in 2012-201 due to reduction in oil prices and increase in domestic refill rates. It was 1.44.7 crore in 2011-19-19.

How much
Oil companies raised LPG prices this month. The price of a 14.2 kg cylinder has been increased by Rs 500. According to IOC, the country’s largest oil company, the price of a 1.2 kg gas cylinder without subsidy in Delhi has now come down to Rs 644. It has risen to Rs 670,050 in Kolkata, Rs 64,644 in Mumbai and Rs 6,660 in Chennai. Earlier in Delhi, the price of 1 without. 2 kg gas cylinder without subsidy was Rs. It was Rs.20,200 in Kolkata, Rs. The price of a 1 kg cylinder is Rs 129 in Delhi, Rs 1351.50 in Kolkata, Rs 124444 in Mumbai and Rs 101010.50 in Chennai.

Subsidy on gas cylinders
The government provides 12 cylinders of 1 14.2 kg to each family in a year. If customers want to buy more cylinders than this, they should buy at market price. Oil companies review the price of gas cylinders every month. Its value is determined by factors such as the average international benchmark and changes in the foreign exchange rate.

Check LPG prices like this
To check the price of LPG cylinder, you should go to the website of the government oil company. The companies here issue new rates every month. (https://iocl.com/Products/IndaneGas.aspx) In this link you can check the price of your city gas cylinder.

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