Centre announces ₹200 price cut on LPG cylinders as a Raksha Bandhan gift from PM Modi.

In a significant move aimed at providing relief to consumers amidst the backdrop of increasing criticism over rising inflation, the Union Cabinet took a step to address these concerns on Tuesday. They announced a reduction of ₹200 in the price of a 14.2kg cooking gas cylinder, a decision that holds significance as it aligns with the celebrations of Raksha Bandhan and Onam.

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The decision was officially communicated by Union Information and Broadcasting Minister Anurag Thakur, who stated, “On the occasion of Raksha Bandhan and Onam, the government has decided to reduce the price of domestic cylinders by ₹200. This reduction is being presented as a gesture of goodwill from Prime Minister Narendra Modi to the women of the country.”

The impact of this price reduction extends to beneficiaries under the Pradhan Mantri Ujjwala Yojana (PMUY), thereby making it inclusive for a broader range of individuals. Currently, a 14.2kg LPG cylinder in the national capital carries a price tag of ₹1,103. This change will be implemented starting Wednesday, effectively reducing the price to ₹903. For those who benefit from the PM’s Ujjwala scheme, the price will be further decreased to ₹703. This subsidy under the scheme was earlier extended by the government in March, offering a ₹200 per LPG cylinder subsidy.

Union Minister Anurag Thakur also announced a notable expansion in the Ujjwala scheme, with the government planning to provide 75 lakh new LPG connections free of cost. This initiative is expected to benefit a substantial number of individuals as the Ujjwala scheme already caters to 9.6 crore beneficiaries.

The context of this reduction can be traced back to July when oil marketing companies raised the price of domestic LPG cylinders by ₹50, a move that followed two price hikes in May. These price fluctuations were a direct response to the volatile global energy prices.

Last year, the government introduced the subsidy for PMUY beneficiaries as part of a series of relief measures in light of the surging global energy prices. This further emphasizes the government’s efforts to support citizens during economically challenging times.

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