Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
News18 » India
1-min read

Government considers hiking subsidised LPG to 12 cylinders

Petroleum Minister M Veerappa Moily said the final decision in the matter will be taken by the Cabinet Committee on Political Affairs.

IANS

Updated:January 12, 2014, 11:50 PM IST
facebookTwitter Pocket whatsapp
Government considers hiking subsidised LPG to 12 cylinders
Petroleum Minister M Veerappa Moily said the final decision in the matter will be taken by the Cabinet Committee on Political Affairs.

New Delhi: The government is considering increasing the quota of subsidised cooking gas (LPG) cylinders from nine to 12 per household in a year, Petroleum Minister M Veerappa Moily said on Sunday.

"I have read in the newspapers about (Congress vice-president) Rahul Gandhi taking up the issue of increasing the LPG (Liquefied Petroleum Gas) cap with the Prime Minister. I am yet to get comments from the Congress vice-president or the Prime Minister," he told reporters at the Petrotech 2014 conference in New Delhi, on the national capital's outskirts.

The minister said the final decision in the matter will be taken by the Cabinet Committee on Political Affairs (CCPA).

Pointing out that around 89 percent of the 15 crore LPG consumers use up to nine cylinders a year, while only 10 percent have to buy the additional requirement at market prices, Moily said if the quota is raised, about 97 per cent of LPG consumers would get subsidised LPG.

"If that proposal (for hiking the LPG cap) comes, we need to examine pros and cons. Ultimately, the decision will be taken by CCEA (Cabinet Committee on Economic Affairs) or CCPA (Cabinet Committee on Political Affairs)," he said.

"We are going to take a considered view, we are considering suggestions," Moily said.

Increasing the cap to 12 cylinders would result in an additional fuel subsidy burden of between Rs 3,300 crore-Rs 5,800 crore for the government.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results