Mat News | Petroleum Minister: Government may resume subsidy on LPG, Petroleum Minister Hardeep Singh Puri gave information in Lok Sabha

Feb 09,2023

Petroleum Minister Hardeep Puri: Petroleum Minister Hardeep Puri said in the Lok Sabha on Thursday during the Question Hour that the government imports 60 percent of the total domestic gas requirement.

Petroleum Minister Hardeep Puri: The central government can start giving subsidy on cooking gas again. This information was given by Petroleum Minister Hardeep Singh Puri in the Lok Sabha on Thursday (February 9, 2023). He said that if the international gas prices come down, the government can give relief to the consumers by way of subsidy on cooking gas.

Petroleum Minister Hardeep Puri said during Question Hour in the Lok Sabha on Thursday that the government imports 60 per cent of the total domestic requirement of gas.
Hardeep Singh Puri said that there is a (current) subsidy of Rs 200. What is this subsidy? It is taxpayers money who are most vulnerable, we are always ready to help if it is left to this House and Honorable Prime Minister it would be ideal if international or Saudi contract price can come down further below $750. This will enable domestic LPG to be sold at more affordable rates. The import price is linked to the Saudi contract price.

Responding to a starred question on providing more subsidy to people on cooking gas, Puri said, “Interestingly, during the last two years the Saudi contract price – if we have to use it as a reference period – was $250 per 900 per metric ton to $900 per metric ton. Even today I think it’s around $751 per metric ton. The minister said that the government is sensitive to the needs of the consumer population despite rising gas prices at the international level.