LPG Subsidy Update: Modi Government May Announce Major Decision on LPG Subsidy Today

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LPG SUBSIDY TO OIL COMPANIES- The Modi government of the center can take a big decision on LPG subsidy today, Friday. According to information received from sources, the Modi cabinet can give a subsidy of about 30 thousand crore rupees to the state-owned oil companies to keep the prices of LPG stable. The decision on this is expected to be taken in the meeting of the Union Cabinet today, Friday.

This is the government’s objective.

The main objective of the Modi government in providing subsidy to state-owned oil companies is to compensate for the losses incurred by the companies selling LPG at a price lower than the market price. Let us tell you that this relief will be given to the state-owned oil companies Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation. Despite the fluctuations in prices in the international market, all these companies do not change the prices for the customers. This gives a lot of relief to the public.

Know why you can get the benefit of subsidy.

Even amidst the continuously increasing prices, the Modi government is preparing to provide relief to the public. If the companies get the benefit of subsidy, then the inflationary pressure will reduce a little. Let us tell you that the US administration is continuously increasing tariffs on India. It says that India should stop buying oil from Russia.

State-owned oil companies update the prices of LPG cylinders on the first day of every month. Let us tell you that on the first day of this month, the companies had reduced the prices of commercial gas. State-owned oil companies had reduced the price by Rs 33.50. Along with this, the prices of domestic gas cylinders are stable. There has been no change in these prices since April 8.

The new price of commercial gas in the national capital New Delhi has become Rs 1631.50. In the Mayanagari Mumbai, the same cylinder will now be available for Rs 1582.50. Earlier its price was around Rs 1616. Talking about Kolkata, its price has come down to Rs 1734.50.

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