LPG subsidy to be withdrawn from consumers having taxable income of more than Rs 10 lakh
NEW DELHI: LPG subsidy will not be available to consumers who had taxable income of more than ten lakh rupees in previous financial year. In a release Petroleum and Natural Gas Ministry said, this will be given effect to initially on self-declaration basis while booking cylinders from next month. At present, there are about 16.5 crore LPG consumers in the country.
While many of them have given up subsidy voluntarily, it is felt that consumers in the higher income bracket should get LPG cylinders at the market price. So far, 57.50 lakh LPG consumers have opted out of LPG subsidy voluntarily heeding to the Prime Minister’s call to give up the subsidy. The subsidy saved from the ‘Give it Up’ campaign is being utilized for providing new connections to the BPL families under the ‘Give back’ campaign.
The objective of the scheme is to ensure that the subsidy benefits go to the targeted group. This enables provision of LPG, a clean fuel, to poor households by replacing the conventional fuels such as kerosene, coal, fuel wood and cow dung. The Ministry said, the subsidy is being transferred directly to the Bank Account of 14.78 crore LPG Consumers under the implementation of the PAHAL Scheme, DBTL.
