Post Delhi polls, LPG price hiked by Rs 144.5 per cylinder
This is the steepest hike in rates since January 2014 when prices had gone up by Rs 220 per cylinder to Rs 1,241.
Due to spurt in benchmark global rates of the fuel, cooking gas LPG price on Wednesday was hiked by a steep Rs 144.5 per cylinder. People took to social media to slam the move, saying that the BJP government was waiting for the Delhi elections to get over to make this announcement.
However, to insulate domestic users, the government has almost doubled the subsidy it provides on the fuel to keep per cylinder outgo almost unchanged, PTI reported.
According to a price notification of state-owned oil firms, LPG price was increased to Rs 858.50 per 14.2 kg cylinder from Rs 714 previously. This is the steepest hike in rates since January 2014 when prices had gone up by Rs 220 per cylinder to Rs 1,241.
BSP supremo Mayawati attacked the Centre over the move, terming it as a "cruel decision" against the poor. The move will hit crores of poor and hard-working people who are already facing "severe inflation", she said.
Here's how people reacted to the government's move:
डेढ़ सौ रुपए, डेढ़ सौ रुपए, डेढ़ सौ रुपए— Jouro_Sid (@sidhpurohit) February 12, 2020
LPG फिर से महंगी हुई डेढ़ सौ रुपए.
858.50 रुपए में मिलेगा सिलेंडर
खाऊंगा लेकिन खाने नहीं दूंगा- प्रधानमंत्री @narendramodi @PMOIndia @nsitharaman @FinMinIndia @BJP4India #lpg #GasCylinder
मोदी जी ने दिल्ली की हार का बदला लेते हुए पूरे देश में LPG का दाम पूरे 144 रू० बढ़ा दिए हैं। और व्यावसायिक गैस पर 250 रू० 01 फरवरी को ही बढा दिए गए थे।— Gaurav Pratap Singh (@ErGauravPratap) February 12, 2020
मोदी है तो मुमकिन हैं#भाजपा_हटाओ_देश_बचाओ
LPG गैस 147 रुपये महंगा!— Manish Anil Barse (@BarseManish) February 12, 2020
"मित्रों गैस सिलिंडर तो दे दूंगा लेकिन उसको रिफिल करने नहीं दूंगा"
And sir, no thanks to BJP govt for increasing the LPG rates by a whopping 150 rupees when international crude price is falling due to Corona virus scare. It seems govt was just waiting for the Delhi elections to be over to make some quick bucks from dividend from oil cos.— S K Mohanty (@skm503) February 12, 2020
So the Govt just increased the price of LPG cylinders by almost ₹150/-— Gaurav Probir Pramanik????️???? (@gauravpramanik) February 12, 2020
Kya @smritiirani ji ab raaste pe utrengi mahilao ki kathinaaiyon ko dekh ke? Oh wait, she doesn’t care about women at all.
Domestic LPG users, who are entitled to buy 12 bottles of 14.2-kg each at subsidised rates in a year, will get more subsidy. The government subsidy payout to domestic users has been increased from Rs 153.86 per cylinder to Rs 291.48, industry officials said.
For Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries, the subsidy has increased from Rs 174.86 to Rs 312.48 per cylinder.
After accounting for the subsidy that is paid directly into the bank accounts of LPG users, a 14.2-kg cylinder would cost Rs 567.02 for domestic users and Rs 546.02 for PMUY users.
The government gave out 8 crore free LPG connections to poor women under PMUY to increase coverage of environment-friendly fuel in kitchens.
Normally, LPG rates are revised on 1st of every month but this time it took almost two weeks for the revision to take place - a phenomenon which industry officials said was due to approvals needed for such a big jump in subsidy outgo.
Others said the decision to defer the increase could have been because of assembly elections in Delhi. Delhi voted on February 8.