Speed Post News Network
New Delhi : Oil Marketing Companies (OMCs) have reported that as on February 1, 2021, 1.08 crore LPG consumers have given up their subsidy.
The prices of petroleum products including LPG in the country are linked to the prices of respective products in the international market. However, the Government continues to modulate the effective price to consumer for Subsidised Domestic LPG and the consumers get the products at subsidised rate. The subsidy on Subsidised Domestic LPG increase/decrease with the increase/decrease in the product price in international market and decision of Government on subsidy.
This information was given by the Union Petroleum and Natural Gas Minister Dharmendra Pradhan in a written reply in the Rajya Sabha on February 10, 2021, according to a PIB release.