Jaitley gives up subsidised LPG

Public sector oil marketing companies have given an option to existing liquefied petroleum gas consumers to convert their existing domestic LPG connection into a non-subsidised domestic connection.

Setting an example, Finance Minister Arun Jaitley has voluntarily given up use of subsidised LPG, joining a growing list of well-to-do people who have opted to buy cooking gas at market rate.

"Hon'ble Finance Minister has set an example by giving up subsidy on LPG; other colleagues & people who can afford should join this initiative," Oil Minister Dharmendra Pradhan tweeted.

The government has asked the rich to give up subsidies on LPG to make them available to people who deserve it.

Several industrialists, politicians and bureaucrats have voluntarily given up the subsidised cooking gas.

Pradhan, who gave up his subsidised cooking gas several months back, made a renewed appeal to the affluent class to give up using below market price LPG.

"Volunteering to give up LPG subsidy amounts to contributing for national development & empowerment of poor people, who will be the beneficiary," he tweeted.

He has urged ministers, members of Parliament, members of the Legislative Assembly, senior government officials and executives of public sector companies to give up their subsidies.

Public sector oil marketing companies have given an option to existing liquefied petroleum gas consumers to convert their existing domestic LPG connection into a non-subsidised domestic connection.

This can be done by submitting a written request to the distributor or electronically via www.MyLPG.in.

Consumers are currently entitled to twelve 14.2-kg cylinders or 34 five-kg bottles in a year at subsidised rates.

Any requirement above that has to be procured at market price.

A subsidised 14.2-kg cylinder is currently available at Rs 417 per bottle in Delhi. The subsidised cooking gas is also available in 5-kg packs, costing Rs 155 per such cylinder in Delhi.

Any requirement beyond the subsidised quota is to be met through purchase of cooking gas at market price -- Rs 708.50 per 14.2-kg cylinder and Rs 351 per 5-kg bottle.

Giving up subsidised LPG will help cut government's subsidy bill which was Rs 46,458 crore (Rs 464.58 billion) on the fuel last fiscal.