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Low petrol prices, phased rise in LPG rate to bring down subsidy

Analysts say the subsidy burden on both LPG and kerosene is likely to be around Rs 35,000 crore

Topics
LPG cylinder price | LPG subsidy | LPG scheme

Shine Jacob  |  New Delhi 



petro prices
In 2018-19, the petroleum subsidy was Rs 37,397 crore. This was a sharp increase from Rs 25,552 crore in 2017-18

Low international petroleum prices, coupled with phased increase in price of both kerosene and liquefied petroleum gas (LPG), are likely to bring relief to the government on the oil subsidy front. (OMCs) are passing on the reduction in government subsidy on LPG by increasing prices by Rs 4 every month.

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First Published: Fri, March 13 2020. 23:19 IST

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