Why Lpg Subsidy Stopped?

Why Lpg Subsidy Stopped?

For the past several months, the Central government has stopped subsidies on LPG since May 2020. The step was taken after the price of crude oil and gas in international markets plummeted during the COVID-19 pandemic.

Why there is no subsidy for LPG?

Since June 2020, the government hasn't been depositing the subsidy on LPG or cooking gas in the bank accounts of target beneficiaries. A drop in global crude oil prices (hence the global LPG product prices) since May 2020 gave the government an opportunity to withdraw the LPG subsidy.

Why you didn't get subsidy on your LPG refill this month?

If you are not getting subsidy, the main reason for this is that your LPG ID is not linked to the account number. ... After this, money will start getting credited in your account directly. Note that recently, the price of gas cylinders was cut by Rs 10. The 14.2 kg gas cylinder got cheaper by Rs 10.

Marcus Vance
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Marcus Vance

Marcus Vance is a cybersecurity auditor and technology writer dedicated to educating the public about online safety, data privacy regulations, enterprise security, and emerging cyber threats.