The Centre has announced a substantial reduction in the price of cooking gas. Effective 30.08.2023, the price of a 14.2 Kg LPG cylinder will be reduced by Rs 200 in all markets across the country. In Delhi for instance, the decision will bring down the cost of a 14.2 Kg cylinder from the existing Rs 1103 per cylinder to a more affordable Rs 903 per cylinder.
Prime Minister Narendra Modi said, “This is a gift to crores of my sisters of the country on the occasion of Raksha Bandhan. Our Government will always do everything possible that improves people’s quality of life and benefits the poor and middle class.”
This reduction is in addition to the existing targeted subsidy of Rs 200 per cylinder to PMUY households, which will continue. For PMUY households therefore, the effective price in Delhi after this reduction will be Rs 703 per cylinder.
It may be noted that there are more than 31 Cr domestic LPG consumers in the country including 9.6 Cr PMUY beneficiary families and this reduction will help all LPG consumers in the country. To clear pending PMUY applications and to provide deposit free LPG connection to all eligible households, Government will shortly start distribution of PMUY connections to 75 lacs women from poor households who do not have an LPG connection. This will increase the total number of beneficiaries under PMUY from 9.6 cr to 10.35 cr.
These decisions come as part of the Government’s ongoing efforts to ease the financial burden on citizens and promote the welfare of households. The reduction in cooking gas prices reflects the Government’s commitment to prioritize the well-being of its citizens and ensure access to essential commodities at reasonable rates.
Hardeep Singh Puri, Minister of Petroleum and Natural Gas, expressed his happiness with the decision, stating, “We understand the challenges faced by households in managing their budgets. The reduction in cooking gas prices is aimed at providing direct relief to families and individuals, while also supporting Government’s larger goal of ensuring affordable access to essential items.”
The reduction in cooking gas prices is expected to have a positive impact on the cost of living for a wide spectrum of society. Government’s proactive step is projected to save significant expenses for households, making an appreciable contribution to the disposable income of citizens.
The Government has been taking various steps to ease the burden of the people and this reduction in cooking gas prices is a testament to the Government’s responsiveness to the needs of the people and its unwavering dedication to their welfare.