New Delhi
The Modi government of the Center can take a big decision on LPG subsidy on Friday. According to information received from sources, Modi can give a subsidy of about 30 thousand crores to government oil companies to keep the prices of cabinet LPG stable. It is expected to be decided in a meeting of the Union Cabinet on Friday today.
This is the objective of the government
The Modi government’s main objective of subsidizing government oil companies is to compensate for the losses caused to companies selling LPG at a lower price than market prices. Let me tell you, this relief will be given to government oil companies Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation. All these companies keep the price for customers even amidst the ups and downs of prices in the international market. This gives a lot of relief to the public.
Know why the benefit of subsidy can be found
The Modi government is preparing to give relief to the public even amid the rising prices. If companies get the benefit of subsidy, then the pressure of inflation will be slightly less. Let me tell you, the US administration is constantly increasing the tariff on India. He says that India stop buying oil from Russia.
Gas prices are low every month
Government oil companies update the prices of LPG cylinders on the first date of every month. Let me tell you, companies have 14 kg on the first day of this month. There was a reduction in the prices of commercial gas. Government oil companies had cut 33 rupees 50 paise. At the same time, the prices of domestic gas cylinders remain stable. There have been no changes in these prices since April 8.
The new price of commercial gas in the national capital New Delhi has increased to Rs 1631.50. This cylinder in Mayanagari Mumbai will now be available for Rs 1582.50. Earlier its price was around Rs 1616. Talking about Kolkata, its price has come down to Rs 1734.50. Earlier it was being sold for Rs 1769. This cylinder of commercial gas in Chennai will be sold for Rs 1789. Earlier it was being sold for Rs 1823.50.
