Gallery
- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Gaurav Bidhuri, 2017 World Boxing Championship bronze medallist, joined hands with the Del
- U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
- Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow
- FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant
- Ecuador ready to make history against Uruguay: Beccacece
Post Delhi polls, LPG price hiked by Rs 144 per cylinder Last Updated : 12 Feb 2020 04:00:22 PM IST file photo A day after the poll process in Delhi concluded, the prices of the LPG cylinders were hiked by a steep Rs 144.50 per cylinder on Wednesday taking the price to Rs 858.50 per cylinder.
This was one of the steepest increases in the LPG prices in over five years.A non-subsidised 14.2 kg cylinder will now cost Rs 858.50 in New Delhi, Rs 896 in Kolkata, Rs 829.50 in Mumbai and Rs 881 in Chennai.Usually LPG prices are revised on the first of every month, however, amid Delhi elections the process seems to have been deliberately delayed.With the increase, the subsidy burden for the government will also jump by almost 100 per cent with Centre deciding against revising the price of subsidised cooking gas cylinder provided to households and those receiving LPG connection under the Pradhan Mantri Ujjwala Yojana (PMUY).The price of subsidised LPG cylinder (14.2 kg) currently works to around Rs 557 with government providing Rs 157 as subsidy directly into the account of eligible consumers. With the revised prices, government's subsidy under direct benefit transfer (DBT) to eligible consumers would increase to over Rs 300 per cylinder with the PMUY customers getting about Rs 312 into their accounts now.An official of a public sector oil company said on condition of anonymity that even common man using LPG cylinder would not be spared from a price hike as the amount of actual subsidy would not cover for the increase in the GST post revision of prices. This would mean that they would receive between Rs 5-10 less per cylinder into their accounts as cash transfers from the government for buying cooking gas at market price.Along with 14.2 kg cylinder, the oil companies have also increased the price of 19 kg cylinders by Rs 225 to Rs 1,466 here.According to the revised prices, which will be applicable from Wednesday, the 19 kg cylinder will cost Rs 1,589 in Chennai, Rs 1,416 in Mumbai and 1,540 in Kolkata.LPG cylinders are sold at market prices, but the Central government subsidises 12 cylinders for each household per year by providing direct subsidy.With the sharp increase in subsidy per cylinder now, government may have to provide more as oil subsidy for FY20. As per revised estimates for FY20, an amount of Rs 29,627.76 crore has been provided towards DBT for LPG.The Union Budget 2020, increased the subsidy under the DBT scheme for LPG to Rs 35,605 crore in FY21.The oil marketing companies (OMCs) incurred gross under-recoveries of Rs 43,300 crore in FY19, of which LPG accounted for Rs 31,500 crore (73 per cent). In case of kerosene, the subsidy support has already fallen and with states targeting the flow of fuel through the PDS system, this subsidy could also be taken off.IANS New Delhi For Latest Updates Please-
Join us on
Follow us on
172.31.16.186