lpg: Household LPG price raised again but no govt plan to restore subsidy

NEW DELHI: Cost of domestic cooking gas (LPG) petrol refills surpassed Rs 1,000 in Delhi – where the traditional rate is lower than most states – and rose Rs 3.50 elsewhere after the government raised prices for the second time in May on Thursday, even as top government authorities rule out reinstating subsidies for Now.
After the latest increase, a 14.2 kg fill will cost Rs 1,003 in Delhi, Rs 1,002 in Mumbai, Rs 1,029 in Kolkata and Rs 1,018 in Chennai. Rates will vary by a few rupees within this range in other states due to differences in local fees.
The LPG price last increased by Rs 50 each on May 7, pushing the consumer price of gas filling facilities beyond Rs 1,000 in most of the country, while it was only 50% below the level in Delhi.
The latest increase is the third since March 22 of this year. While this is not a significant jump, the latest revision will increase the suffering of consumers already struggling with the high costs of transportation fuels, cooking oils and spices. other taste.
The government has phased out LPG subsidies since May 2020, taking advantage of falling global energy prices due to the pandemic but is in no mood to restore support as recharge costs hit record levels.
“International LPG prices have increased by 37% in a month, while domestic (cylinder) prices have increased by 11%. Subsidies are not good economics and cannot last forever. They must have a downward curve and a shelf life. If we don’t, we’ll end up in a situation – like it’s happening in Sri Lanka – where we don’t have the money to fuel people,” said the official, who requested anonymity.
He emphasized that the government is subsidizing those in need and providing relief by providing three bottles of LPG for free during the pandemic and continuing to provide free food grains under Prime Minister Garib Kalayan’s program. , and free vaccinations.
“What are the three free LPG cylinders during the pandemic that he has given to holders of Ujjwala connection (a program that envisages free connections for poor households) if not subsidies? One has to realize that money is also needed for other welfare programs and vaccinations,” the person said.
Domestic LPG prices have been kept steady since October 6, 2021, when prices increased by Rs 15 per bottle. The freeze was lifted on March 22 when the price increased by Rs 50. Household LPG price stood at Rs 714 on January 1, 2020 in Delhi. It rose to Rs 858 in February of that year but then fell twice but remained north until freezing in October 20201.

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