In a substantial respite for households across the nation, the Union Cabinet has given the green light to a substantial reduction of Rs 200 in the prices of LPG gas cylinders available to all LPG consumers. Union Minister Anurag Thakur made the announcement during a comprehensive Cabinet briefing, marking a pivotal move in favor of consumers.
During the briefing, Union Minister Anurag Thakur conveyed, “PM Modi has decided Rs 200 reduction in the price of domestic LPG cylinders, for all users…this is a gift from PM Narendra Modi, to the women of the country, during the occasion of Raksha Bandhan.
Following this welcome development, the cost of LPG gas cylinders is anticipated to be around Rs 900 for all consumers and approximately Rs 700 for beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY), commonly known as the Ujjwala scheme.
The endorsement of an additional subsidy amounting to Rs 200 under the Ujjwala Scheme elevates the total subsidy to Rs 400 per cylinder for PMUY beneficiaries.
This commendable move is poised to benefit an estimated 30 crore households across the country. However, the reduction in prices will incur an additional fiscal burden of Rs 7680 crore.
Union Minister Anurag Thakur also revealed that the government has an ambitious plan to provide 75 lakh new LPG connections under the Ujjwala scheme, thereby fortifying the commitment to making clean energy accessible to a broader population.
In a parallel effort to curb inflation ahead of the festive season, the Consumer Affairs Ministry and RBI Governor are scheduled to convene discussions on strategies to mitigate inflationary pressures.
