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So that’s why LPG gas cylinders are getting expensive, subsidy reduced four times in a year, this was revealed by RTI

So that's why LPG gas cylinders are getting expensive, subsidy reduced four times in a year, this was revealed by RTI

884.50 gas cylinder is available in Delhi.

On the one hand, the price of petrol and diesel and domestic gas is skyrocketing, on the other hand the subsidy from oil marketing companies is being reduced continuously. Subsidy given by public sector oil marketing company Hindustan Petroleum Corporation Limited (HPCL) to customers of domestic gas cylinders has come down to Rs 1,725.54 crore in the financial year 2020-21, which is the lowest in the last six years. This information was obtained from information received under the Right to Information (RTI) Act.

This disclosure has come at a time when the fuel prices in the country are at a high level due to the rise in international crude oil prices. This has increased the burden of inflation on the common man. Neemuch’s RTI activist Chandrashekhar Gaur told that HPCL has given information to him under the RTI Act regarding domestic gas cylinders. According to the details received from RTI, the subsidy given by HPCL to the customers of domestic gas cylinders is Rs 6,571.58 crore in the financial year 2019-20, Rs 9,337.50 crore in 2018-19, Rs 5,963.13 crore in 2017-18, Rs 4,044.30 crore in 2016-17. Rs and stood at Rs 5,088.74 crore in 2015-16.

The company refused to share profit information

The RTI activist wanted to know from HPCL that how much profit does the oil marketing company make on the sale of 14.2 kg domestic gas cylinder? On this, HPCL refused to share the information citing relevant provisions of the RTI Act and said, “It is a matter of commercial confidentiality and the larger public interest is not involved in sharing the requested information.”

So far this year has become costlier by Rs 190

After the latest hike, the price of 14.2 kg gas cylinder has gone up to Rs 884.50 in Delhi, Rs 911 in Kolkata, Rs 884.50 in Mumbai and Rs 900.50 in Chennai. The price of domestic gas cylinders is being increased continuously. On January 1, the price of a gas cylinder in Delhi was Rs 694. In this way, so far this year, there has been a jump of Rs 190 in the price. Petrol-diesel has already crossed Rs 100. Crude oil is becoming increasingly expensive in the international market. In such a situation, there is every possibility that there is no possibility of relief in the price of domestic gas at present.

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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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