NEW DELHI: The government has managed to bring down the petroleum subsidy by 91% to Rs 3,421 crore in 2021-22, data released by the Comptroller General of Accounts showed. The government had spent Rs 37,878 as a petroleum subsidy in 2020-21. The reason for this sharp reduction of subsidy in petroleum is that the government had stopped depositing the subsidy on LPG or cooking gas since June 2020 in the bank accounts of target beneficiaries.
