Since then in the next 6 months, till March 2017, the price has increased majorly 6 times and the biggest two was in this year February (Rs 66.5) and the highest ever in history in March (Rs 86). However, that hike didn't seem to match up to the speed with which the Narendra Modi government - which had earlier asked citizens to voluntary give up their subsidies on cylinders - wants to scrap the "populist" policy.
Earlier, the PNG ministry had asked public sector oil marketing companies to raise prices of subsidised domestic LPG cylinders by Rs 2 per 14.2 kg every month, excluding Value-Added Tax, with effect from July 1, 2016.
As of now, every household is entitled to 12 LPG cylinders of 14.2-kg each at subsidised rates in a year.More news: PSG target Neymar heads back to Barcelona after Dubai stop
The Odisha government today opposed the decision of Petroleum and Natural Gas (PNG) Ministry's decision to end all subsidies on the cooking gas by the end of the current fiscal year and hike LPG prices by Rs 4 per cylinder every month.
Premachandra further said that the decision was taken in March this year and was not shared publicly.
Subsidised LPG now costs ₹477.46 per 14.2-kg cylinder in Delhi.More news: Occidental Petroleum Corporation (NYSE:OXY) Set to Announce Quarterly Earnings on Wednesday
Price of jet fuel or ATF was hiked by Rs 1097 per kilolitre to Rs 48,110 per kl with effect from August 01, oil companies said.
The AITC Member pointed that out of 18.11 crore people using subsidised LPG, there were 2.5 crore poor women who were being given the cylinder under the Ujjwala schemes. In June 2016, Modi government had already chose to abolish subsidy gradually on LPG and announced its decision to increase the price of a cylinder by ₹2 every month till government subsidy reached zero level.
He said the government was not fulfilling its social commitment to provide cooking gas at subsidised rates.More news: Trump lawyer lied about President Trump's hand in his son's statement
Aviation turbine fuel (ATF) price was hiked by Rs 1097 per kilolitre on Tuesday while the rate of non-subsidised cooking gas (LPG) has been cut by Rs 40 per cylinder in line with global trends.
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