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An LPG price update cylinder has become two and a half times more expensive in the last eight years – Business News India

LPG prices have become a problem for consumers. In the past eight years, its prices have increased by about two and a half times. In March 2014, the price of domestic LPG was Rs 410 per cylinder. At that time, by providing subsidies to people directly in the account, the central government used to bear part of the cost at its level. Now in the span of eight years, the price of LPG has risen to Rs 1,053.

Support in accounts from March 2015

After coming to power, the Modi government began work to transfer the subsidies given to LPG cylinders directly to the consumers’ account. Since then, subsidies have been provided to donate 12 LPG cylinders per year. Hereby, the cylinder was available at market price, but the amount of subsidy amounting to 20 per cent given in its stead was directly deposited into the consumer’s account.

LPG price update: LPG cylinder costs Rs 50, see prices from Udaipur to Aizawl and Leh to Kanyakumari

Support stopped 2 years ago

In April 2020, the government suspended subsidies for LPG after the shutdown. Until April 2020, people used to get a subsidy of Rs 147 on LPG. But after May 2020, the support was closed. In most cities of the country, the government no longer provides subsidies for gas cylinders. So people now have to buy CDs without subsidies. The government provides LPG subsidy only to beneficiaries who get free LPG delivery under the Ujjwala scheme.

These prices have increased in the past eight years

As of March 1, 2014, the local drum price in Delhi is Rs 410.50. 610 on March 1, 2015. Meanwhile, on March 1, 2016, it fell to Rs 513.50 and on March 1, 2017, it went straight to Rs 737.50.
689 on March 1, 2018, and Rs 701.50 on March 1, 2019. Then, on March 1, 2020, the price reached Rs 805.50. 819 on March 1, 2021 and 899 on March 1, 2022. Now the price of domestic LPG has risen to 1053.

(Price of 14.2 kg LPG in Rs.)

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