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The Congress in Rajasthan on Wednesday hit out at the Centre over the increase in LGP cylinder prices, accusing the government of working against the interest of the common man ever since it came to power. Cooking gas LPG price on Wednesday was hiked by Rs 50 per cylinder. Non-subsidised LPG price was hiked to Rs 1,103 per 14.2-kg cylinder - the first increase since July 2022, an oil company price notification said. The increase in LPG gas cylinders is another blow to the common people who are already suffering due to high inflation in Modi's rule, PCC spokesperson Swarnim Chaturvedi said. Inflation is skyrocketing under the Modi rule and people are suffering. By increasing the rate of LPG cylinders, the government has once again proved that it has nothing to do with the interest of the common man, he charged. Chaturvedi said the state government had announced in the budget that it would provide cylinders at a subsidised rate of Rs 500 to the poor in order to minimise the impact of
The government will extend a one-time grant of Rs 22,000 crore to three state-owned fuel retailers to cover for the losses they incurred on selling domestic cooking gas LPG below cost in the last two years, I&B Minister Anurag Thakur said on Wednesday. The Union Cabinet headed by Prime Minister Narendra Modi at a meeting on Wednesday, approved the one-time grant to three oil marketing companies - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), Thakur told a news briefing. The grant will be for covering the losses they incurred on selling LPG below cost to consumers from June 2020 to June 2022. The three firms sell domestic LPG at government-regulated prices to consumers. Between June 2020 to June 2022, the international prices of LPG soared by around 300 per cent. However, to insulate consumers from fluctuations in international LPG prices, the cost increase was not fully passed on to consumers of domestic LPG,