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April 23, 2024
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Central Government slashes Domestic LPG Cylinder price by Rs 200 amidst inflation concerns

Union Minister’s Announcement Provides Respite to Consumers and Boosts Festive Spirits

New Delhi: In a move aimed at alleviating the financial burden on households and providing relief amidst escalating inflation, the central government has announced a significant reduction in the price of domestic LPG cylinders. The price cut of Rs 200 is set to benefit all consumers across the nation, bringing some respite to individuals grappling with rising living costs.

The announcement, made by Union Information and Broadcasting Minister Anurag Thakur during a press conference held on Tuesday, comes as a timely gesture on the occasion of Onam and Raksha Bandhan. Minister Thakur remarked, “Today, on the auspicious occasion of Onam and Raksha Bandhan, the price of gas cylinders will be reduced by Rs 200 for all consumers. On Raksha Bandhan, the Prime Minister has given a gift to the sisters of the country.”

Furthermore, the announcement bears even better news for beneficiaries of the Ujjwala scheme, as the price of cylinders under this initiative will see a total reduction of Rs 400. Notably, the government has already been offering a Rs 200 rebate under the Ujjwala Yojana. With this recent development, consumers availing of gas connections through the Ujjwala scheme are poised to experience a noteworthy reduction in their household expenses.

Minister Thakur underscored the government’s commitment to expanding the reach of the Ujjwala Gas Yojana, stating, “Under the Ujjwala Gas Yojana, 75 lakh new connections will be distributed.” This initiative aligns with the government’s vision to ensure affordable and accessible cooking solutions for a broader spectrum of the population.

At present, the cost of an unsubsidized LPG cylinder in Delhi stands at Rs 1003, while in Mumbai, it is priced at Rs 1002.5. The reduction in LPG prices comes at a crucial juncture, coinciding with upcoming assembly elections in Madhya Pradesh, Chhattisgarh, and Rajasthan later this year. Analysts predict that this step could have a positive impact on inflation, potentially influencing the electoral landscape in these states.

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