Modi govt reduces LPG prices by Rs 100, offering relief to households across the nation

Key Highlights

• Modi govt cuts LPG cylinder prices by Rs 100.
• Relief for over 31 crore households, including Ujjwala beneficiaries.
• Possible petrol and diesel price cuts speculated.
• Subsidy extended for Ujjwala scheme, effective till March 2025.

In a move to ease the financial burden on households, especially women, the Modi government has cut LPG cylinder prices by Rs 100 just ahead of the Lok Sabha elections. Prime Minister Modi personally shared this news on Women's Day, emphasizing its positive impact on families and the environment.

Also Read: International Women's Day: Godrej Agrovet will give training to 100,000 women.

What to Expect

The price reduction will benefit all consumers, including Ujjwala scheme beneficiaries. There's now speculation about potential cuts in petrol and diesel prices. This move comes after a stable period of fuel prices for over a year.

Subsidy Extension

Alongside the LPG price cut, the government has extended the subsidy for Pradhan Mantri Ujjwala Yojana beneficiaries for an extra year, offering additional financial support.

When Does it Start?

Consumers can enjoy the Rs 100 discount from midnight on March 8, according to the Petroleum Ministry spokesperson.

New Prices Across Cities

The revised price for a 14.2 kg LPG cylinder in most cities will be approximately Rs 803, with GST and additional taxes being applied separately following PM Modi's announcement. In Delhi, the new price will be Rs 803, in Kolkata it will be Rs 829, and in Mumbai, the price will be Rs 802.50, excluding taxes.

Relief for Over 31 Crore Households

The reduction in LPG cylinder prices, impacting over 31 crore 40 lakh families in the country, including more than 10 crore 27 lakh Ujjwala beneficiaries as of March 1, 2024, aims to provide financial relief to a significant portion of the population.

Hopes for Commercial Cylinder Price Cut

Consumers are eagerly anticipating a reduction in commercial cylinder prices following the recent LPG price decrease. Oil companies raised prices on March 1, 2024, and the government is taking steps to address public concerns. The focus is on further developments, especially in the lead-up to the Lok Sabha elections.

Also Read: Yogi's Rs 23 Crore Aid: Relief for Farmers Hit by Unseasonal Rains in 9 UP Districts

CMV360 Says

The Modi government's Rs 100 reduction in LPG cylinder prices, announced on Women's Day, brings relief to households and Ujjwala beneficiaries. The move signifies a potential positive trend for fuel prices and supports environmental well-being. Eyes are now on possible commercial cylinder price reductions and forthcoming developments leading up to the elections.