LPG Prices Slashed by Rs 200 as PM’s Gift Ahead of Raksha Bandhan

In a move that aims to provide economic relief and celebrate women’s empowerment, the Union Cabinet has announced a substantial reduction of Rs 200 in the price of a 14.2 kg LPG cooking gas cylinder or LPG Price. The decision comes as a “gift” from Prime Minister Narendra Modi on the occasion of Raksha Bandhan and Onam, offering respite to households grappling with rising inflation.

LPG price goes down.

Economic Relief Amidst Rising Inflation

Union Information and Broadcasting Minister Anurag Thakur delivered the announcement, highlighting the government’s commitment to women’s welfare and empowerment. He emphasized that since coming to power in 2014, Prime Minister Modi has consistently championed women’s causes, and this price reduction aligns with that vision.

The move is not only anticipated to ease the financial burden on households but also strategically timed in light of upcoming state elections this year and the general election in 2024, garnering favourable sentiment from citizens. As the country navigates through economic challenges, the reduction in LPG prices serves as a testament to the government’s determination to prioritize essential services for its citizens.

Double Benefit for Ujjwala Yojana Beneficiaries

A significant facet of this decision is its impact on beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY). While the price reduction itself is a welcome change, those under the PMUY umbrella will experience an even greater benefit, with their subsidy being increased to Rs 400 per cylinder. This move is expected to bolster the government’s commitment to providing clean cooking fuel access to low-income families, particularly women.

Budgetary Implications and Extended Reach

It’s important to note that this reduction in LPG prices will come at an additional budgetary cost. The government will allocate an extra Rs 4,000 crore for the augmented subsidy, supplementing the Rs 7,600 crore budget for the ongoing financial year. This allocation reflects the government’s dedication to providing essential services and tackling economic challenges head-on.

Another significant aspect of this announcement is the government’s plan to extend the reach of clean cooking fuel. Under the Ujjwala scheme, 75 lakh new LPG connections will be provided for free. This initiative not only addresses the energy needs of households but also includes essential equipment like gas burners and pipes, contributing to overall household betterment.

A Gift of Prosperity and Empowerment

As the nation observes Raksha Bandhan and Onam, this announcement can be interpreted as a gesture of security, prosperity, and empowerment for the women of India. It underscores progress in multiple dimensions, from economic stability and gender equality to sustainable energy practices. The reduction in LPG prices signifies a step towards cleaner and more affordable energy for millions of households across the country.

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