NDA Govt withdraws monthly LPG price hike order
The NDA Government has withdrawn its decision to raise LPG (liquefied petroleum gas) prices by ₹4 per cylinder every month as the move was seen contrary to its Ujjwala scheme of providing free cooking gas connections to the poor.
The NDA Government had previously ordered
public sector oil marketing companies to raise domestic cooking gas
prices by ₹4 per cylinder every month, beginning June 2016, with a view
to eliminating subsidies.
The order was, however, withdrawn in October 2017, a top source said.
Subsequently, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have not raised LPG prices from October 2017
Previously, oil firms were authorised to increase the price of the subsidised domestic LPG cylinder by ₹2 per 14.2-kg cylinder per month (excluding Value Added Tax or VAT) with effect from July 1, 2016. Oil companies had hiked LPG rates on ten occasions since that go-ahead.
Every household is entitled to 12 cylinders of 14.2-kg each at subsidised rates in a year. Any requirement beyond that is to be purchased at market price.
The quantum of hike was doubled through an order dated May 30, 2017. That order authorised state-owned firms to continue to increase the effective price of subsidised domestic LPG by ₹4 per cylinder effective June 1, 2017, per month (excluding VAT), till the reduction of government subsidy to ‘nil’ or March 2018 or further orders, whichever was earlier
The NDA Government has withdrawn its decision to raise LPG (liquefied petroleum gas) prices by ₹4 per cylinder every month as the move was seen contrary to its Ujjwala scheme of providing free cooking gas connections to the poor.
The order was, however, withdrawn in October 2017, a top source said.
Subsequently, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have not raised LPG prices from October 2017
Previously, oil firms were authorised to increase the price of the subsidised domestic LPG cylinder by ₹2 per 14.2-kg cylinder per month (excluding Value Added Tax or VAT) with effect from July 1, 2016. Oil companies had hiked LPG rates on ten occasions since that go-ahead.
Every household is entitled to 12 cylinders of 14.2-kg each at subsidised rates in a year. Any requirement beyond that is to be purchased at market price.
The quantum of hike was doubled through an order dated May 30, 2017. That order authorised state-owned firms to continue to increase the effective price of subsidised domestic LPG by ₹4 per cylinder effective June 1, 2017, per month (excluding VAT), till the reduction of government subsidy to ‘nil’ or March 2018 or further orders, whichever was earlier
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