Get ready to pay more for your cooking gas. The government may limit the number of subsidised LPG cylinders you can get in a year to four. If the proposal goes through, you’ll have to pay the market price for every extra cylinder.
While you pay Rs345 for a subsidised cylinder in Delhi, the market price is Rs645. For an average household that uses eight to 10 cylinders a year, this would translate into a 40-50% increase in its gas bill, or Rs1,200-1,800.
“The proposal being contemplated is to limit subsidised LPG cylinders to four a year... We are working on a cabinet note,” a petroleum ministry official told HT.
Presently, there is no cap on the number of subsidised LPG cylinders 125 million households consume every year. The main reason to end this Rs300-per-cylinder subsidy is to control the subsidy bill that stood at Rs22,000 crore last year.