Congress slams Modi for LPG gas hike
- Author: Leroy Wright Mar 02, 2017,
Mar 02, 2017, 15:51
Oil companies also raised price of subsidised cooking gas by a marginal 13 paisa to Rs 434.93 per 14.2 kg cylinder in Delhi. "We strongly criticise the NDA government for fresh hike in the price of non-subsidised LPG", BPCC chief spokesperson H K Verma said. In order to keep the net amount spent by subsidised consumers in check, the amount of subsidy has been increased.
The Government of India has increases the price of non-subsidised cylinder by Rs 86 per bottle Wednesday on firming global rates.
Non-subsidised LPG, bought by those who have either given up their subsidies or exhausted the quota of 12 bottles of 14.2-kg in a year at below market price, will now cost Rs 737.50. A non-subsidised LPG cylinder was priced at Rs 466.50 in Delhi in September and has risen by Rs 271 per bottle or 58% in six installments.
In a statement, the ministry of Petroleum and Natural Gas said, "With effect from 1st March, 2017, non-subsidized price of LPG cylinder has increased by Rs.86".
"Ordinary Indian is being ripped apart by Modiji by midnight extortion as LPG cylinders hiked by Rs 86 and small cylinder by Rs 30.50". Between October to February (2017), the price of cooking gas was hiked by Rs 2 on eight occasions. This follows a 9 paise increase effected from February 1. The under-recoveries and DBTL subsidy for 2015-16 was Rs 27,571 crore, while the figure was Rs 76, 285 crore for 2014-15.