On Friday, the Cabinet of the Union Chairman Narendra Modi chaired the LPG subsidy for oil marketing companies (OMC) in the amount of the LPG on Friday £30 000 crore, Union I & B Minister Ashwini Vaishnaw said.
This step was taken to ensure the available LPG for the middle class in the middle of the current geopolitical situation, Vaishnaw said.
“To ensure that LPG gas is affordable for the middle class. £30,000 CRs were approved … in current geopolitics, gas prices fluctuate and to take care of it, the subsidy is given, ”he said in briefing after the cabinet meeting.
Compensation will be paid in 12 transes of the state OMC, including Indian oil, oil Bharat and Hindustan oil, the Ministry of Oil said on Friday.
It is reported that LPG international prices remain high.
“However, in order to isolate consumers before fluctuating the international LPG prices, the cost increase has not been transferred to the consumer of domestic LPG, which led to significant losses for three OMC,” he said.
£10,000 allocation crore for Ujjawala scheme
The cabinet further approved and £12 060 Crore Support for PM Ujjwala Recipient for FY 2025-26, the statement said. This will include a subsidy £300 per cylinder with eligible subscribers UJJWAL and will benefit 10.33 households of Crore and approximately 45 crore individuals throughout India.
Ujjwala scheme started PM Narendra Modi in 2016.
Cabinet’s decision in the middle of Trump’s pressure
The cabinet decision came days after US President Donald Trump doubled the US tariffs to India 50 percent – the highest in the world – referring to the ongoing purchase of Russian oil.
PM Modi at the beginning of this week, without the name of Trump, said the government would do everything possible to defend its citizens, even if it comes to personal costs.
“This step also emphasizes the government’s commitment to protect consumers from volatility on global energy markets while maintaining the financial health of these dogs OMC. Also, the aim is to ensure widespread availability of pure cooking for all consumers, including those who are fake such as PM Ujwla,” says his statements.
This compensation will allow OMC to continue to meet their critical requirements such as raw and LPG of contract award, debt service and maintaining their capital expenditure, ensuring continuous LPG vials to households throughout the country, he said.
(Tagstotranslate) LPG subsidies
