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New Delhi: The central government can make a big announcement regarding the subsidy on LPG gas in the upcoming budget. Under the new guidelines, only people from the economically weaker sections will be kept under the purview of subsidy.
Apart from this, the government can also bring a new proposal regarding the sudden increase in the prices of LPG gas, under which the oil companies will bear the burden of the sudden increase in the price of gas.
However, when gas prices come down, then companies can also compensate for their cost.
There may be a cut in the budget of LPG subsidy
- In the upcoming budget, the Finance Ministry can make a huge cut in the budget to be allocated for LPG subsidy. For this, the Finance Ministry can soon pass a resolution.
- For the financial year 2021-22, the central government has allocated 14,073 crore for LPG subsidy. But for the last one year, the central government has banned the LPG subsidy given to the customers.
- In the coming financial year, the central government can reduce this budget to Rs 6000 crore. This new proposal regarding subsidy can be sent to the Finance Ministry in the coming few days.
Know how to apply for subsidy
- If you want to take advantage of the subsidy available on LPG gas cylinder, then you can apply for it by visiting http://mylpg.in/index.aspx.
- By downloading the application forms from the website, you have to submit them to the LPG distributor. Keep in mind that the information you have given in the application form should be absolutely correct.
