No LPG subsidy to consumers having taxable income over Rs 10 lakh

New Delhi, Dec. 28 (ANI): Liquefied petroleum gas (LPG) subsidy will not be available to consumers having taxable income of more than Rs. 10 lakh in the previous financial year.

The Ministry of Petroleum and Natural Gas, in a statement released here, 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. Though many of them have given up subsidy voluntarily, it is felt that consumers coming in the higher income bracket should get LPG cylinders at the market price.

As many as 57.5 lakh LPG consumers have so far opted out of LPG subsidy voluntarily heeding to the Prime Minister Narendra Modi’s call to give up the subsidy. The subsidy saved from the ‘Give it Up’ campaign is being utilised for providing new connections to BPL families.

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 (Pratyaksha Hastaantarit Laabh Scheme) under the direct benefit transfer for LPG (DBTL). (ANI)

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