LPG subsidy cut off to 7 lakh consumers
Posted on: 20/Jul/2016 1:00:56 PM
The Central Government is taking various steps to curb the LPG subsidy. By directly transferring subsidy to cooking gas consumers` account, the state oil companies have been able to weed out about 3.25 crore duplicate or inactive consumers, enlarging subsidy saving. Recently, the government has also allowed oil companies to increase the price of cooking gas by Rs 2 per cylinder
Since the beginning of 2016, those who earn a taxable annual income of over Rs 10 lakh, or have a spouse with that income, must pay market price for cooking gas.
More than 7 lakh customers with above Rs 10 lakh annual income have so far been identified and stopped from availing of cooking gas subsidy under the government programme to end state support to high-income consumers.
