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Wednesday, August 03, 2011

Pay more for LPG if you earn more than 6L


The government should end subsidised domestic cooking gas (LPG) for people with income of more than Rs 6 lakh per annum, a Parliamentary Panel has suggested.

A 14.2-kg LPG cylinder in Delhi currently costs Rs 395.35. This is Rs 247 short of its market price. If the panel recommendation is accepted, people with more than Rs 6 lakh per annum household income will have to pay Rs 642.35 per bottle.

"...to offset the huge losses made on account of subsidised domestic LPG cylinders, the Government may consider to do away with providing subsidised LPG to rich and affluent people having an income of more than Rs 6 lakh per annum", it said.

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