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Govt cuts LPG price by Rs 200 per cylinder, petrol and diesel cost also reduced

LPG cylinder price cut: After cutting down on petrol and diesel prices, the government also reduced the price of LPG cylinders by Rs 200.

Abhro Banerjee Edited by: Abhro Banerjee @AbhroBanerjee1 New Delhi Updated on: May 21, 2022 22:52 IST
LPG price has been cut by Rs 200 by the Modi government. 
Image Source : PTI

LPG price has been cut by Rs 200 by the Modi government. 

LPG cylinder price cut: The Central government on Saturday announced a subsidy of Rs 200 per cylinder (up to 12 cylinders) to nearly 9 crore beneficiaries of Pradhan Mantri Ujjwala Yojana.

In a tweet, Union Finance Minister Nirmala Sitharaman said: "Also, this year, we will give a subsidy of ₹ 200 per gas cylinder (up to 12 cylinders) to over 9 crore beneficiaries of Pradhan Mantri Ujjwala Yojana. This will help our mothers and sisters. This will have a revenue implication of around ₹ 6100 crore a year"  

The government also announced a reduction in central excise duty on Petrol by ₹ 8 per litre and on Diesel by ₹ 6 per litre on Saturday. Finance Minister Nirmala Sitharaman said that this will reduce the price of petrol by ₹ 9.5 per litre and of Diesel by ₹ 7 per litre. 

"It will have revenue implication of around ₹ 1 lakh crore/year for the government," said Sitharaman. 

Also Read: Petrol to cost Rs 9.5 less, diesel cheaper by Rs 7 as Modi govt cuts excise duty | Check new prices

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