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LPG will cost 4 rupees more every month!

Last Updated: Tuesday, 1 August 2017 (13:45 IST)
New Delhi: The government has ordered state-owned oil marketing companies to increase the prices of subsidised (LPG) by Rs 4 per cylinder every month. The decision was taken to eliminate all the subsidies by March next year. Minister of State for Petroleum and Natural Gas in a written reply in the Lok Sabha said, “Public sector oil marketing companies (OMCs) were authorised to increase price of subsidised domestic cylinder by Rs 2 per cylinder (14.2-kg) per month (excluding VAT) with effect from July 1, 2016”.
 

The state-run companies had increased LPG rates on 10 times since then. “The government vide its order dated May 30, 2017, has again authorised OMCs to continue to increase the effective price of subsidised domestic LPG by Rs 4 per cylinder effective June 1, 2017, per month (excluding VAT) till the reduction of government to ‘nil’, or till March 2018, or till further orders, whichever is earliest,” he added. Earlier in July last year, the government had asked the oil companies to raise prices by Rs 2 and now it has doubled the quantum so as to bring down the subsidy to nil. (UNI)
Widgets Magazine
Widgets Magazine