Give Up LPG Subsidy is a campaign that was launched in March 2015 by the Indian government led by Prime Minister Narendra Modi. It is aimed at motivating LPG users who are able to afford to pay the market price for LPG to voluntarily surrender their LPG subsidy.
Every Household Is Entitled To 12 Cylinders Of 14.2-kg Each At Subsidised Rates In A Year. Any Requirement Beyond That Is To Be Purchased At Market Price. The Price Of Non-subsidised Lpg Or Market-priced Cooking Gas Has Also Been Hiked By Rs 73.5 To Rs 597.50 Per Bottle. Rates Were At The Last Revision Cut By Rs 40.
What is LPG subsidy amount ?
The subsidy amount on domestic cylinders depends on the city and it falls in the range between Rs 420 – Rs 465 for a 14.2 kg cylinder. In case of a non-domestic LPG cylinder, the subsidy rates fall between Rs 593 – Rs 605 per cylinder.
How does LPG subsidy works ?
What is LPG subsidy amount? Due to the rise in price of fuel and gas, the cost of LPG in India has also increased. Hence, in order to cushion the effect of rise in price of LPG, the customers can avail a subsidy on their LPG where the differential amount will be credited to their bank account every month.
What is the meaning of gas subsidy?
The subsidy aims to cover the security fee and fitting charges of the gas cylinder. The beneficiary of the subsidy must then purchase their cooking stove. Potential financial burdens are alleviated as the scheme allows beneficiaries to pay for the cost of the first stove and the first refill in monthly installments.
How do I know my LPG subsidy?
Again, login to http://mylpg.in account and mention your bank with an Aadhaar card linked to the LPG account in the popup window. After verification, submit your request. Now tap on the View cylinder booking history /subsidy transferred.