In a recent development, Minister of Petroleum and Natural Gas, Hardeep Singh Puri, affirmed that the Indian government will absorb the cost of the proposed ₹200 reduction in household LPG cooking gas cylinder prices. This measure alleviates the anticipated loss of ₹7,500 crore for oil marketing companies.
The Union Cabinet's decision to lower the LPG cylinder price by ₹200 aimed at mitigating the impact of rising inflation and received praise from across the nation. Puri highlighted the collaboration between the Centre and oil marketing companies, noting their joint responsibility in protecting consumers from financial strains. He also praised the government's initiatives to expand LPG connections across the country. The reduction supports both Ujjwala and non-Ujjwala customers, contributing to economic stability.