LPG Cylinder Prices to be hiked by Rs 4 Every Month

Prime Minister Narendra Modi

Prime Minister Narendra Modi

In a blow to LPG customers the Centre had directed the state run oil companies to increase LPG prices by Rs 4 per cylinder every month to eliminate subsidy by March 2018.

A government official, meanwhile, claimed that the price hike was the previous government's idea that the incumbent was implementing. The order came into effect on 1 June 2017. The House witnessed adjournments twice during the zero hour as Opposition members stormed to the Well of the House demanding the Centre to drop the move.

Though Rajya Sabha Deputy Chairman P J Kurien said he would allow a short duration debate, the opposition members rushed into the Well of the house, forcing an adjournment.

If spiraling prices of vegetables and consumer products has not already burnt a deep hole in your pocket, here is more from the government that won a massive mandate on the plank of ushering in Achche Din: your LPG cylinders are set to get dearer by ₹4 every month from now on.

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Once LPG subsidy is eliminated, the only other sensitive petroleum product that will continue to get subsidy will be kerosene, the consumption of which is coming down due to increased number of LPG users and improvement in rural lighting. It is strongly condemnable.

The state-owned fuel monopoly says it earned Rs 335 million profit from the trade in past 15 days. While CPI-M leader Sreemathy Teacher said that the decision was cruel, N K Premachandran (RSP) accused the government of avoiding transparency on the matter. Petroleum and Natural Gas Minister Dharmendra Pradhan yesterday said in a written reply in the Lok Sabha. At the same time the affluent households should pay a little more given their rising income and higher paying ability, he added.

In the Rajya Sabha, the issue was raised by Trinamool Congress's Derek O'Brien who said LPG subsidy was being ended when prices of crude had seen a steep fall.

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