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Breaking News: PM Modi slashed LPG Cylinder Price

LPG Cylinder Price: The Union Cabinet gave consumers a relief on Tuesday by decreasing the price of a 14.2 kg LPG cooking gas cylinder by ₹200 in celebration of Raksha Bandhan. This move comes at a time when the Center is facing mounting criticism due to rising inflation.

Union Information and Broadcasting Minister Anurag Thakur announced that, in celebration of Raksha Bandhan and Onam, the Indian government, under Prime Minister Narendra Modi’s direction, is offering a gift to the women of India by reducing the price of domestic cylinders by ₹200.

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The decrease in cost is also applicable to recipients enrolled in the Pradhan Mantri Ujjwala Yojana (PMUY). Currently, a 14.2kg LPG cylinder in the capital city of the nation is priced at ₹1,103. As of Wednesday, the cost will be reduced to ₹903. For those who are beneficiaries of the PM’s Ujjwala scheme, the price will be further reduced to ₹703. In March, the government had extended a subsidy of ₹200 per LPG cylinder under the PM Ujjwala scheme.

Thakur made an announcement that the government will provide 75 lakh new LPG connections free of cost under the Ujjwala scheme. Currently, there are 9.6 crore beneficiaries of the scheme. In the month of July, oil marketing companies had increased the price of domestic LPG cylinders by ₹50, following two hikes in May. The subsidy for PMUY beneficiaries was introduced in May last year as the government had declared a series of relief measures in response to the escalating global energy prices.

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