Today is the first day of the fiscal year 2024 and the government has revised the prices of LPG gas cylinders. On 1st April the prices of cooking gas have been slashed by around Rs. 92.
However, the reduction of rates is only for commercial gas cylinder users. There has been no revision of price for domestic LPG gas customers.
Notably, the government in March had raised the prices of the commercial gas cylinder by ₹350 and now on Saturday, there has been a reduction of Rs 92.
The rate of domestic LPG cylinders was hiked four times in 2022. In January this year, the price of commercial cylinders was increased by Rs 25, costing Rs 1,768 in the National Capital.
In March, union minister Anurag Thakur said that 9.59 crore beneficiaries of Pradhan Mantri Ujjwala Yojana (PMUY) scheme will get a subsidy of Rs 200 on every 14.2 kg LPG gas cylinder annually. All households are eligible for 12 subsidised domestic LPG cylinders, with any additional ones to be bought at market price.