Key Points
Oil Minister Hardeep Singh Puri on Saturday countered opposition Congress' statement of providing cooking gas at Rs 399-414 per cylinder as against Rs 803 rate for general customers and Rs 503 for Ujjwala beneficiaries under the BJP, saying pricing under the UPA government was neither here nor there as there was scarce availability and the subsidy went to the undeserving...
A day after the government cut cooking gas LPG price by Rs 100 per 14.2-kg cylinder, Puri addressed a press conference to detail how the Prime Minister Narendra Modi-led government more than doubled the LPG coverage to 32.5 crore households, including providing 10.3 crore poor women free connections under the Ujjwala scheme...
Puri also said that the government moderated rates when prices of international oil, on which the country is 85 per cent dependent to meet its needs, shot up between 2020 and 2023...
He detailed his calculation of what the price of LPG should be based on prevailing international price and went on to state that the Congress-led UPA had given Rs 1.47 lakh crore subsidy on petrol, diesel and LPG during 2013-14 that helped make available cooking gas at Rs 399-414 per 14.2-kg cylinder...
On petrol and diesel, he said the government had foregone Rs 2.2 lakh crore in revenue when it cut excise duty on the two fuel between November 2021 and May 2022 in order to insulate consumers from rising international oil prices...
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