Govt extends Rs 200 LPG subsidy for Ujjwala customers until March 2024 | India Information - 7 minute timer

Govt extends Rs 200 LPG subsidy for Ujjwala customers until March 2024 | India Information

NEW DELHI: The federal government on Thursday lengthen for a yr the Rs 300 subsidy on every LPG refill utilized by greater than 10 crore poor households that got connections freed from value below the Ujjwala scheme, one of many Narendra Modi authorities’s flagship social welfare programmes.Thermal resolution, taken by the Cupboard’s panel on financial affairs, will value the federal government Rs 12,000 crore within the monetary yr starting April 1.The Centre had in Might 2022 introduced the subsidy of Rs 200 per cylinder as gas costs spiked within the wake of the Ukraine battle. Subsequently in October 2023, the subsidy was raised to Rs 300 per cylinder until the top of the fiscal, or March 31.The subsidy help has boosted consumption of the clear gas in Ujjwala households from 3 refills per yr in 2019-20 to three.6 in 2021-22. There isn’t a subsidy for normal class customers. However the Centre units the value of LPG for households and compensates state-run retailers for losses because of supplying refills under market fee worth.The Centre had additionally diminished LPG costs by Rs 200 per cylinder, bringing down the value of every 14.2-kg home cylinder to Rs 903. The Rs 300 subsidy below Ujjwala pared the speed additional to Rs 603 for the beneficiaries.

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