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Non-subsided LPG in Delhi hiked by over Rs 55 per cylinder from July

Non-subsided LPG in Delhi hiked by over Rs 55 per cylinder from July

by | May 25, 2021 | Business, Commodities, Commodities News, Corporate, Corporate Buzz, Economy, Large Enterprise, Markets, News

L P G GasNew Delhi : The price of non-subsidised LPG cooking gas will be hiked by Rs 55.50 per cylinder in New Delhi, and that of the subsidised one by a marginal Rs 2.71, effective July 1.

According to Indian Oil Corporation, the increase is mainly on account of GST on revised price of domestic non-subsidised LPG.

“There is a marginal increase of Rs 2.71 per cylinder (from Rs 493.55 in June 2018 to Rs 496.26 in July 2018) in the effective price of subsidised LPG cylinder in Delhi for domestic customers for the month of July 2018,” IndianOil said in a statement on Saturday.

“The increase is mainly on account of GST on revised price of domestic non-subsidised LPG.”

As per the statement, the price of non-subsidised LPG at Delhi which consumers buy
buys after exhausting their yearly quota of 12 will increase by Rs 55.50 per cylinder in July 2018 due to increase in international price of LPG by $57 per MT.

“The balance Rs 52.79 (Rs 55.50 minus Rs 2.71) is being compensated to the customer by increase in subsidy transfer to their bank account,” the statement said.

Accordingly, the subsidy transfer in customer’s bank account has been increased to Rs 257.74 per cylinder in July 2018 as against Rs 204.95 per cylinder in June 2018.

Oil companies revise the rates of LPG on the 1st of every month based on average crude price and foreign exchange rate. Prices vary at locations according to local taxes as petroleum products are not included under the pan-India GST.

—IANS

Free cooking gas connection for BPL women consumers

Free cooking gas connection for BPL women consumers

by | May 25, 2021 | Economy, News

cooking gasNew Delhi : (IANS) In a major move to benefit Indian women from weaker sections of society, the union cabinet on Thursday approved a Rs.8,000-crore scheme to give free cooking gas connections to women members of households below poverty line (BPL).

The cabinet approved the Pradhan Mantri Ujwala Yojana with an outlay of Rs.8,000 crore for three years. Finance Minister Arun Jaitley has already this year announced Rs.2,000 crore for the scheme,” Petroleum Minister  Dharmendra Pradhan told reporters after the cabinet meeting here.

“According to experts, having an open fire in the kitchen is like  burning 400 cigarettes an hour,” he said, adding that the implementation of the scheme would lead to major job creation through the ancilliary industries associated with LPG supply.

“Women of India have faced the curse of smoke during the process of cooking. The time has come to remedy this situation,” Jaitley said while presenting the General Budget for 2016-17.

“I have set aside a sum of Rs.2,000 crore in this year’s Budget to meet the initial cost of providing these LPG connections. This will benefit about 1 crore 50 lakh households below poverty line in 2016-17,” he had said.

The scheme aims to cover a total of five crore BPL households for ensuring universal coverage of cooking gas in the country.