LPG Cylinder Price Cut by ₹200 Ahead of Raksha Bandhan

LPG Cylinder Price : In a heartening move aimed at providing respite to consumers, the Union Cabinet has taken a significant step to alleviate financial burdens by reducing the price of a 14.2 kg LPG cooking gas cylinder by ₹200. This price reduction comes as a thoughtful gift for women ahead of the auspicious festival of Raksha Bandhan. The timing of this decision holds particular significance, as the government grapples with growing concerns over rising inflation.

A Gift for Raksha Bandhan and Onam

Union Information and Broadcasting Minister Anurag Thakur, in a press announcement, revealed that on the dual occasion of Raksha Bandhan and Onam, the government has chosen to lower the price of domestic LPG cylinders by ₹200. This reduction in price is a part of a larger effort to provide relief to households and ease their financial strain. Anurag Thakur also highlighted that this step is being taken as a token of appreciation and respect towards the women of the country. He mentioned, “This is a gift from PM Narendra Modi to the women of the country.” Furthermore, this reduction applies not only to the general populace but also to the beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY).

The Current and Revised Pricing

As things stand, a 14.2 kg LPG cylinder in the national capital is priced at ₹1,103. However, starting from Wednesday, the revised price will be lowered to ₹903. This reduction in price will bring a sigh of relief to beneficiaries of the PM’s Ujjwala scheme, as they will now have to pay only ₹703 for a cylinder. It’s noteworthy that the government had previously extended a subsidy of ₹200 per LPG cylinder under the PM Ujjwala scheme, thereby demonstrating its commitment to making essential commodities affordable for all.

Expanding the Reach of Ujjwala Scheme

In a bid to further support households, especially those in need, Anurag Thakur made an announcement that underscores the government’s intent to create a more inclusive and secure environment. He shared that the government will be distributing 75 lakh new LPG connections free of cost under the Ujjwala scheme. Currently, the Ujjwala scheme boasts 9.6 crore beneficiaries, a testament to its success in providing access to clean cooking fuel to millions of households.

Contextual Background: Rising Energy Prices

The context of this decision becomes even more pertinent when viewed in light of the challenges posed by surging global energy prices. In July, oil marketing companies had increased the price of domestic LPG cylinders by ₹50, making the reduction of ₹200 now even more impactful. The subsidy introduced last year for PMUY beneficiaries was a strategic response to mitigate the impact of escalating energy costs and demonstrates the government’s dedication to safeguarding the well-being of its citizens.

Conclusion

The reduction of ₹200 in the price of a 14.2 kg LPG cooking gas cylinder comes as a welcome relief to consumers, particularly as they navigate economic uncertainties and inflation concerns. This step, timed to coincide with the festive occasions of Raksha Bandhan and Onam, underscores the government’s commitment to the welfare of its citizens, especially women. The expansion of the Ujjwala scheme and the provision of free LPG connections further emphasize the administration’s determination to foster inclusive growth and alleviate financial burdens.

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