“In a significant move, the Indian government recently announced a dramatic slash in the LPG cylinder price, bringing a sweep of relief to households nationwide. This substantial price cut extends not just to common citizens but also to beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY). The PMUY is a prominent government scheme that promotes the usage of cleaner fuel, and contributes to the reduction of health hazards ordinarily incurred by women laboring over smoke-producing stoves.”
Details about the Reduction of LPG Cylinder Price
In a decision deemed ‘a gift to the women of the country’ from Prime Minister Narendra Modi, Union Information and Broadcasting Minister Anurag Thakur announced that LPG cylinder prices would be cut down by ₹200. Currently, a 14.2 kg LPG cylinder costs ₹1,103 in India’s capital, Delhi, and is set to be priced at a reduced ₹903 from Wednesday. Beneficiaries under the PMUY scheme are in for a greater reduction, with prices cut down to an affordable ₹703.
Further Plans Under the Ujjwala Scheme
The government’s commitment to making clean fuel accessible to its citizens doesn’t stop there. Plans to provide 75 lakh new LPG connections for free form the next step, aimed at reaching even the remote corners of the nation under the Ujjwala scheme. At present, the Ujjwala scheme has a impressive beneficiary count of 9.6 crore set to increase once the additional 75lakh connections are given.
Context of the Decision to reduce LPG Cylinder price
The context for this price reduction announcement is layered, amid a series of price hikes instated by oil marketing companies. These companies have already increased the LPG cylinder prices twice in May, followed by a ₹50 hike in July. The government had launched a ₹200 per cylinder subsidy under the PMUY scheme in March as a mitigation strategy against the increasing global energy prices.
Public Reaction and Impact of reduced LPG Cylinder Price
The public reaction to this announcement is expected to be significantly positive, given that this decision comes as a financial respite to numerous households, particularly amidst escalating living costs.
From an economic perspective, a reduction in LPG prices could alleviate some of the pressure on the common man’s pocket while causing a ripple effect on industries that heavily rely on this fuel.
Conclusion
The Indian government’s decision to slash the prices of domestic LPG cylinders, and provide additional benefits to PMUY beneficiaries, is a significant step towards alleviating economic pressure on its citizens. Amid a global surge in energy prices, this could well be looked upon as an example of successful governance aimed at public welfare. However, it falls under the pattern followed by successive ruling governments in India of reducing the fuel prices drastically to woe the Indian public before elections. Keeping aside the intentions of the government the move will for sure help the burning pockets of the people of India.
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Frequently Asked Questions (FAQs)
What is the new price of LPG cylinders in India?
In the wake of the government’s recent announcement, a 14.2 kg LPG cylinder, which initially cost ₹1,103 in Delhi, will now be priced at ₹903.
What does the price reduction mean for PMUY beneficiaries?
Beneficiaries under the Prime Minister Ujjwala Yojana (PMUY) scheme will experience an even greater price reduction, with the cost of LPG cylinders lowered to ₹703.
Why did the government decide to reduce the LPG cylinder price?
The decision to reduce LPG cylinder prices comes in the context of a series of price hikes by oil marketing companies and a need to mitigate the impact of increasing global energy prices on Indian households.
Why do some speculate this move comes ahead of elections?
It’s a trend observed with successive ruling governments in India to reduce fuel prices drastically as a way of winning public favor before elections. However, whether election-related or not, this move undoubtedly benefits the Indian public by easing the financial burden of rising fuel prices.
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