To counter the impact of the rise in prices of essentials on household kitchens, the Centre on Tuesday slashed the domestic cooking gas cylinder refill price by ₹200. The cost for the reduction will be absorbed by the state-run oil marketing companies (OMCs) with no additional burden on the exchequer, sources told FE.
Terming the price cut a gift from Prime Minister Narendra Modi amid Onam and Raksha Bandhan festivities, the government said the move will benefit more than 310 million domestic LPG consumers, including 96 million Pradhan Mantri Ujjwala Yojana (PMUY) beneficiary families.
A 14.2 kg cylinder in Delhi will now cost Rs 903 against Rs 1,103 so far. PMUY beneficiaries, who already receive a Rs 200 subsidy per cylinder for each refill, will get the refill at Rs 703/cylinder.
"The decision will have no impact on the Budget," a senior official told FE.
This story is from the August 30, 2023 edition of Financial Express Mumbai.
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This story is from the August 30, 2023 edition of Financial Express Mumbai.
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