Home / Headlines / No more Monthly LPG Cylinder Rate Hike

No more Monthly LPG Cylinder Rate Hike

Finally, there is good news for the middle class people… There won’t be monthly rate hike on LPG cylinders. The recurring hike in the price of a gas cylinder has been highly painful for the people who run the house on a tight budget. Earlier, the government had announced that the price of the gas cylinder will increase at a rate of Rs. 4 every month. This notice was in contrast with the endeavor of the government named Ujjwala scheme. Under this scheme, the people who are Below Poverty Line were offered with a free cooking gas connection.

No more Monthly LPG Cylinder Rate Hike

The recurring hike was implemented on June 2016 in the hope of eliminating the subsidies in due time. However, this order was withdrawn in October and consequently, IOC, HPCL, and BPCL have not hiked the prices.

Every connection is entitled to receive 12 cylinders in a span of one year at a subsidized rate. If the requirement is more than 12 per year then it would be available at the market price.

A new order was passed on May 2017, where the state-owned firms were asked to accentuate the price of the cylinders every month at a rate of Rs. 4 till the subsidy amount reaches Re. 0 or March 2018, whichever is earlier.

The order created a storm of hushes in the ambiance regarding the ambiguity represented by the government. On one hand, the government is promoting the usage of LPG in every household and on the other hand, it is hiking the price every month.

There are about 18.11 crore subscriptions in India that enjoy a subsidy of Rs. 251.31 per cylinder. There are 2.66 crore connections that have voluntarily given up the subsidy to aid the poor.

As per the Pradhan Mantri Ujjwala Yojana, over 3 crore poor women were given a free of cost gas connection. Hence, putting a ban on the recurring hike in price will contribute to the changing scenarios greatly.

About Tushar Imade

Tushar’s deep knowledge of domains such as Business Technologies, Artificial Intelligence, connected devices, and virtual reality among others makes him a valuable resource. With incredible experience in writing, he brings noteworthy insights and a fresh perspective on various topics. From current affairs to historical milestones, Tushar is well versed with the news that matters the most. As a contributor he promises to enlighten the readers with information that are unbiased and accurate.

Check Also

PTFE Membrane Market

Global Opportunities & Challenges in PTFE Membrane Market, Forecast, 2016-2024

The PTFE Membrane Market report is well crafted with a combination of the crucial data …