- Advertisement -
HomePersonal FinanceLPG Subsidy: Government's new plan regarding LPG subsidy! Know in whose account...

LPG Subsidy: Government’s new plan regarding LPG subsidy! Know in whose account the money will come now

- Advertisement -
- Advertisement -

LPG Subsidy: In recent months, the benefit of subsidy is being given on LPG cylinders in the country. Now the government is making a new plan for subsidy on LPG. Let’s know the new scheme of the government.


LPG Subsidy: Customers can get big news regarding the subsidy of LPG cylinder. There is news of increase in the price of domestic gas. The price of crude oil has increased in the midst of the Russia-Ukraine war. Meanwhile, there is a constant discussion that the price of LPG cylinder will reach 1000.

The views of the government regarding the rising inflation of LPG cylinders have not come to the fore yet. But in an internal assessment of the government, it is indicating that consumers are ready to pay up to Rs 1000 for a cylinder. According to sources, the government can take two stances regarding LPG cylinders. First, either the government should supply cylinders without subsidy. Second, some selected consumers should also be given the benefit of subsidy.

What is the government’s plan on subsidy?

Nothing has been clarified by the government about giving subsidy yet. But according to the information received so far, the rule of Rs 10 lakh income will be kept in force and the beneficiaries of Ujjwala scheme will get the benefit of subsidy. Let us tell you that the subsidy may end for the rest of the people.

Government spends so much on subsidy:

Let us tell you that subsidy on LPG has started coming for the last several months. The government’s expenditure on subsidies stood at Rs 3,559 during the financial year 2021. In the financial year 2020, this expenditure was Rs 24,468 crore. Actually this is under the DBT scheme, which was started in January 2015, under which customers have to pay the full amount of non-subsidized LPG cylinder. At the same time, the subsidy money is refunded by the government to the customer’s bank account. Since this refund is direct, the scheme has been named DBTL.

Price is increasing continuously:

The price of gas cylinder is increasing day by day. Last year i.e. in the year 2021, the price of gas cylinder is increasing continuously. There has been no update on the price of domestic gas in the new year so far.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
RELATED ARTICLES

Most Popular

Recent Comments