Centre orders LPG prices to be hiked by Rs 4 per month

File image LPG cylinders

Previously, the government had asked Indian Oil Corporation Limited (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) and other public sector oil marketing companies (OMC) s to raise rates of subsidised domestic LPG by Rs 2 per 14.2 kg each month (excluding VAT) with effect from July 1, 2016. On July 1, LPG prices were increased by Rs 32 per cylinder. But now the quantum has been doubled to completely do away with the subsidy. "The decision (to increase the price) implies that the government proposes to eliminate subsidy on LPG cylinders from March onwards".

According to earlier orders, every household was allowed 12 cylinders of 14.2-kg each at a subsidised rate.

Raising the issue during Zero Hour, Congress member K.C. Venugopal said the government is working on speedy elimination of subsidy on cooking gas which will affect the common people of the country.

He said, "The oil prices have fallen in worldwide market, why not in India?" This means a hike of ₹24 per cylinder in the past year.

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Aviation turbine fuel (ATF) price was hiked by Rs 1097 per kilolitre on Tuesday while the rate of non-subsidised cooking gas (LPG) has been cut by Rs 40 per cylinder in line with global trends. An LPG cyclinder priced at Rs 420 last June, was now Rs 480, he said. In a written reply, Pradhan informed that the government in its order dated 30 May 2017 has authorised the oil companies to increase the price by four rupees excluding tax per month. Two-third of the Rs25,000 crore oil subsidy allocated for the current financial year is meant for LPG and the remaining for kerosene.

The central government is funding about 40% of the Rs12,940 crore cost of laying a 2,500 km gas pipeline extending through Uttar Pradesh, Jharkhand, Bihar, Odisha and West Bengal.

The AITC Member pointed that out of 18.11 crore people using subsidised LPG, there were 2.5 crore poor women who were being given the cylinder under the Ujjwala schemes.


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