"Decision taken to extend LPG subsidy for one year," says Union Minister Hardeep S Puri
Petroleum and Natural Gas Hardeep Singh Puri, addressed the media in Delhi on Saturday, shedding light on matters pertaining to the Ministry of Petroleum and Natural Gas.
During the press conference, Minister Puri highlighted the recent decision by Prime Minister Narendra Modi to reduce the prices of LPG cylinders by Rs 100, announced on International Women's Day.
Minister Puri said, «On International Women's Day PM Narendra Modi conveyed this significant decision of reducing LPG cylinders price by Rs 100. During the cabinet meeting on Thursday, PM Modi had announced that the LPG cylinder subsidy, which was to end on March 31, will be extended to 2024-25.»
Minister Puri underscored the significance of this decision, emphasizing its impact on the accessibility and affordability of LPG cylinders for millions of households across the country.
He provided historical context, noting that LPG cylinders were introduced in the 1950s, yet even after over six decades, only 14 crore cylinders were available in India, indicating their scarcity.
Miister Puri said, «In the 1950s, LPG cylinders were made available. After more than 60 years, only 14 crore LPG cylinders were there in the country. It means LPG cylinders were a scarce commodity.»
Reflecting on the implications of the scarcity of LPG cylinders, Minister Puri criticized what he termed as «irresponsible policy-making,» suggesting that the absence of adequate supply led to challenges in pricing and subsidy distribution.
«When LPG cylinders were not there, then the
