The government on Thursday raised the annual cap on supply of cheap
cooking gas to nine cylinders from six and gave freedom to state-run oil
companies to raise price of diesel "from time to time".
The new cap on cooking gas would come into effect from April 1, oil
minister said after the meeting of the Cabinet's panel on political
affairs that took the decisions.
As a fallout of the higher cap, the consumers would now be able to avail
five cheap cylinders between September 14 last year, when the cap was
imposed, and March 31 this year. This level was earlier set at three
cylinders during the period.
The increase in the cap on subsidized cooking gas cylinders would come
as a relief to consumers. More so since it did not come with an increase
in the current price, as was suggested by a finance ministry panel.
Together, the two would help blunt some of the political criticism that
is expected from the Opposition parties.
Source : Times of India.
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