Former Uttarakhand Chief Minister and Congress leader Harish Rawat on Friday took a pot shot at the BJP-led central government over the LPG price hike and said that no government in the history of the country has displayed such courage.
Making a sarcastic comment, Rawat tweeted: "Centre has taken many courageous steps. You may like to congratulate the government. No government in the history of the country has displayed so much courage to increase the price of LPG cylinder by Rs 149 in one on go."
With the opposition slamming BJP-led government over a steep Rs 144.50 hike in price of the non-subsidised LPG cylinder, the Ministry of Petroleum and Natural Gas said on Thursday that there has been a sharp increase in the international price of LPG during January and its impact has been mostly borne by the government through increase in subsidy for the subsidised and Pradhan Mantri Ujjwala Yojana (PMUY) consumers.
A ministry release said the LPG price is derived based on the international market price for the previous month. It said the LPG price for cooking for consumers under PAHAL (Direct Benefit Transfer of LPG) is subsidised by the Union Government and the subsidy quantum given to them is the difference between the market-determined price and the subsidised price.
"Today the national LPG coverage is about 97 per cent with more than 27.76 crore connections. Therefore, out of the about 27.76 crore consumers, in respect of about 26.12 crore consumers the increase in price is borne by the government," the release said.
It said there has been a hike of Rs 144.50 for a 14.2 kg LPG cylinder in the market-determined price of domestic non-subsidised LPG at Delhi "on account of a sharp increase in the international price of LPG during January 2020 from $ 448/MT to $ 567/MT."
The release said that the price of domestic non-subsidised LPG cylinder has increased from Rs 714 per cylinder to Rs 858.50 per cylinder and the subsidy amount to subsidised consumers in Delhi has increased from Rs 153.86 per cylinder to Rs 291.48 per cylinder.
The Congress and other opposition parties have demanded rollback of the LPG price hike.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
