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LPG Na Bhav Ma Vadharo Breaking News

LPG Na Bhav Ma Vadharo Breaking News

LPG Na Bhav Ma Vadharo Breaking News

The LPG price in Gujarat is mainly determined by the state-run oil companies and the same is subject to change on a monthly basis based on the global crude fuel rates. The rise in crude oil leads to a rise in the LPG rates in Gujarat and vice-versa. LPG is a safe and colourless gas and hence its use has tremendously increased in the domestic and industrial sector.

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The government of India is currently providing domestic LPG Gas cylinder (14.2 kgs) in Gujarat at subsidized rates to the low-income section of the society. The subsidy amount will be directly transferred to the customer’s bank account. Currently, the cooking gas in India is easily accessible to most of the people. The Domestic LPG cylinder price in Gujarat (Gandhinagar) stands at Rs. 737.

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Cooking gas LPG price on Wednesday was hiked by a steep Rs 144.5 per cylinder due to spurt in benchmark global rates of the fuel. But to insulate domestic users, the government almost doubled the subsidy it provides on the fuel to keep per cylinder outgo almost unchanged.

This is the steepest hike in rates since January 2014 when prices had gone up by Rs 220 per cylinder to Rs 1,241.

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.

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The government subsidy payout to domestic users has been increased from Rs 153.86 per cylinder to Rs 291.48, industry officials said.

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