The details of subsidy / under-recovery on Diesel, PDS Kerosene and Domestic LPG since 2012-13 are given in table-1. This shows that the requirement for funds for subsidy / under-recovery is declining from Rs 163,782 cr in FY 2012-13 to Rs 22,085 cr (9 months FY 2015-16).
Besides fall in crude oil price, major steps taken by the Modi government to reduce the subsidy / under-recovery burden are given below:
