No Roll Back of decision on LPG : May increase from 6 to 10 Cylinders per year..!

Government is contemplating to increase the limit of subsidised LPG cylinders to a household from 6 to 10 per year.

No roll back of decsions on diesel, LPG and FDI, said Finance Minister. But there is a chance, contemplates the option of raising the number of LPG cylinders to be made available at subsidised rates from the current 6 to 10 cylinders per year.

An earlier, the Cabinet Committee on Political Affairs (CCPA) chaired by Prime Minister had taken the decisions that supply of subsidised LPG cylinders(14.2 kg) per household to six cylinders in a year at the rate of Rs.399 and need of beyond that would have to be paid at the rate of Rs.746 per cylinder.

“Restrict the supply of subsidized LPG cylinders to each consumer to 6 cylinders (of 14.2 Kg) per annum. This will help in reducing the under-recovery by about Rs. 5,300 crore for the remaining part of the financial year. The under-recovery on sale of Domestic LPG during 2012-13, even after this measure, is estimated to be above Rs. 32,000 crore.

Any number of cylinders will be available over and above the cap of 6 cylinders at market rate. The number of subsidized LPG cylinders available to each consumer in the remaining part of the current financial year will be 3 cylinders.While subsidized cylinders will continue to be available at Rs. 399 per cylinder (at Delhi), the market rate of LPG cylinders at non subsidized rates will be notified by the OMCs on monthly basis.”