LPG price slashed by Rs 200: PM Modi's Raksha Bandhan gift

New Delhi: Providing relief to households ahead of festive season, the government has announced to reduce the price of domestic LPG cylinder by Rs 200.

"Effective 30.08.2023, the price of a 14.2 Kg LPG cylinder will be reduced by Rs 200 in all markets across the country," Ministry of Petroleum and Natural Gas said in a media release.

Accordingly, the decision will bring down the cost of a 14.2 Kg cylinder from the existing Rs 1103 per cylinder to Rs 903 per cylinder in Delhi.

"This is a gift to crores of my sisters of the country on the occasion of Raksha Bandhan. Our Government will always do everything possible that improves people's quality of life and benefits the poor and middle class," Prime Minister Narendra Modi said.

PM Ujjwala Yojana (PMUY) consumers will continue to the get subsidy of Rs 200/cylinder in their accounts.

This reduction in LPG Gas cylinder is in addition to the existing targeted subsidy of Rs 200 per cylinder to PMUY households, which will continue. For PMUY households therefore, the effective price in Delhi after this reduction will be Rs 703 per cylinder.

As per official data, there are more than 31 crore domestic LPG consumers in the country including 9.6 crore PMUY beneficiary families.

"To clear pending PMUY applications and to provide deposit free LPG connection to all eligible households, Government will shortly start distribution of PMUY connections to 75 lakh women from poor households who do not have an LPG connection. This will increase the total number of beneficiaries under PMUY from 9.6 crore to 10.35 crore," Petroleum Ministry announced.

The official statement said that reduction in cooking gas prices is expected to have a positive impact on the cost of living for a wide spectrum of society.

"Government's proactive step is projected to save significant expenses for households, making an appreciable contribution to the disposable income of citizens," it said. (UNI)