Give-it-Up: Over 1 crore LPG users let go of subsidies

April 21, 2016 19:28

More than 1 crore LPG consumers have given up their cooking gas subsidies in one year since Prime Minister Narendra Modi made a call to the well-heeled to give up the same.

Since Modi made the appeal in March last year, 1,00,06,303 LPG consumers have stopped using subsidised cooking gas, helping the exchequer save a few thousand crores of rupees in doles, oil ministry officials said. Consumers are currently entitled to 12 cylinders of 14.2 kg each or 34 bottles of 5 kg each in a year at subsidised rates.

A subsidised 14.2-kg cylinder is currently available at Rs 419.13 per bottle in Delhi while the 5-kg pack costs Rs 155. Market-priced LPG is available at Rs 509.50 per 14.2-kg cylinder. Giving up subsidised LPG will help cut the government's subsidy bill, which was at Rs 30,000 crore on the fuel last fiscal.

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