LPG price cut to cost government additional Rs 4,000 crore in FY24
The financial implication of the government’s decision to reduce the price of cooking gas cylinders by Rs 200 for all subscribers will come to around an additional Rs 4,000 crore for the financial year 2023-24 (FY24), according to a report by Reuters. This is in addition to over Rs 7,600 crore the government has budgeted for the current financial year.
After a Union Cabinet meeting, information and broadcasting minister Anurag Thakur said that under the Ujjwala scheme, people already get a subsidy of Rs 200 on cooking gas cylinders, while the reduction of Rs 200 in prices of liquefied petroleum gas (LPG cylinders) announced on August 29 will be in addition to that.
