The retail promoting value of LPG cylinders in Delhi has elevated by greater than 40 p.c within the final one 12 months, the Union authorities information offered in Rajya Sabha confirmed. The 14.2 kg cylinder was costing Rs 594 in Delhi on July 1, 2020, which has not shot upto Rs 834.50, the Ministry of Petroleum and Natural Gas knowledgeable the Upper House.
Since May final 12 months, there had been a constant rise within the value of the cylinders, barring one incident, the information analysed by CNN-News18 confirmed. On May 1, 2020, the value of 14.2 kg cylinder was Rs 581.5. Further, between January 1 and July 9 this 12 months, the value of the LPG cylinders within the nationwide capital has elevated 5 occasions whereas it has dropped solely as soon as.
The ministry stated the costs of petroleum merchandise within the nation are linked to the value of respective merchandise within the worldwide market. It added that the costs of LPG within the nation are based mostly on Saudi Contract Price (CP), the benchmark for worldwide costs of LPG. During October, 2020, and April, 2021, the Saudi CP has elevated from 359 USD to 607 USD.
India imports greater than 55 p.c of its LPG requirement. Also, home LPG is beneath the ambit of the Goods and Service Tax (GST) at 5 p.c.
The information additionally exhibits that the refills bought to the beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) has elevated by greater than 50 p.c. In 2019-20, 23.04 crore refills had been bought to the PMUY beneficiaries, that elevated to 35.44 crore within the final monetary 12 months. This 12 months between April and June, 7.32 crore refills had been bought. The PMUY was launched in May 2016.
Further, the Ministry stated that the common consumption of PMUY beneficiaries in 2020-21 has elevated by 44 p.c in comparison with 2019-20.
The ministry information additionally confirmed that there was a constant enhance within the energetic home clients throughout India. As of July 1, 2021, there are 29.11 crore energetic home LPG shoppers, together with the PMUY clients. In 2018-19, the nation had 26.54 crore clients.
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