Modi govt loot by eliminating subsidy on gas bottles and keeping prices high, HOW?

PM interacting with the Indian Community, in Cairo, Egypt on June 24, 2023.

The Modi government at the Center increased the prices of LPG by 185 percent in nine years. By giving a subsidy of Rs 200 per cylinder, the prices of domestic LPG were reduced by only 17.5 percent. The price of LPG in 2014 was Rs 400, in 2023 it is Rs 1140.

Also, after the subsidy on gas is stopped, people will have to pay Rs 24 lakh more. The Congress government of Rajasthan will provide 12 gas cylinders for Rs 500 per year to 70 lakh poor BPL category families. Due to this the government is getting help of Rs 3300 crore. Gujarat government does not help in that way.

The most expensive cooking gas in the world is sold in India. When Modi became Prime Minister in 2014, the price of LPG in the country was Rs 400 per cylinder. Which will become Rs 1140 in 2023. The government has increased prices by 185 percent in nine years. Now in August 2023, the price of LPG has been reduced by 17.5% by giving a subsidy of Rs 200.

According to Saudi Aramco’s LPG prices, the price of LPG in January 2014 was $1010 per metric ton. According to today’s dollar price, one kg was Rs 85. Which should have been 1,204 of 14.2 kg. But Manmohas Singh used to give only Rs 400. 10 years ago a subsidized Shillinger was priced at Rs. Public sector oil companies suffered a loss of Rs 763 per cylinder.

During Modi rule, the price of commercial cylinder on March 1, 2023 was Rs 2119.50.

It has come down to $590 per metric ton in January 2023. The price of LPG in August 2023 was $470 per metric ton. The price of a 14.2 kg gas cylinder was Rs 560. Instead, BJP’s Modi government used to charge up to Rs 1200 per cylinder.

33 crore customers pay Rs 4 lakh crore for the consumption of one cylinder in a month. Gas companies have collected Rs 2 to 4 lakh crore from the public for 12 cylinders per year.

In this way, instead of Rs 600, Rs 1200 were charged, whereas its price in the world was half that. Under that head he took more than Rs 2.4 lakh crore from the public.

Also, the subsidy on LPG or cooking gas was quietly withdrawn. Accordingly, if the subsidy had been Rs 200 to Rs 400 per cylinder, people would have got Rs 2.4 lakh crore. Thus, BJP’s Modi government has systematically looted Rs 2.4 lakh in a day from the public.

How much is such 10 years of robbery? 24 lakh crore rupees?

It has been decided to give a subsidy of Rs 200 per cylinder to 33 crore LPG consumers in August 2023. It has been decided to give subsidy of Rs 200 again. The government had stopped sending LPG subsidy to consumers’ bank accounts about 2-3 years ago. But the move was never confirmed.

Annual Rs. Subsidy of Rs 10,000 crore will be given. Expenditure in the year 2023 Rs. Subsidy of Rs 7680 crore will be available.

Most of the consumers complain that they do not get the subsidy amount for years.

Last month, the government was asked why LPG cylinder prices were not being reduced despite crude oil prices falling significantly after reaching a peak of around $118 per barrel in May last year. Crude oil prices have been in the $60-$80 range for the last seven months.

In Delhi, the price of a 14.2 kg cylinder for domestic use stood at Rs 581 in May 2020, and has since then steadily increased to Rs 1,103 by March this year. Despite the huge fall in crude oil prices, there was no cut in LPG prices.

Rs 22,000 crore in 2022 due to rising crude oil prices.

This government has increased tax on fuel by Rs 30 lakh crore in the last 9.5 years.

LPG rates were revised 58 times in the five years till September 2022. LPG prices were revised 58 times between April 1, 2017, and July 6, 2022.

The price of LPG cylinder was Rs 723 in April 2017 and will increase by 45 per cent to Rs 1,053 by July 2022.

LPG prices increased by a whopping 26 percent in the 12-month period between July 1, 2021, and July 6, 2022.
In July 2021, the price of this LPG cylinder was Rs 834.
By July 2022, its price increased by 26 percent to Rs 1,053.

Companies do not suffer losses on petrol and LPG.

Who said what?

What did Mallikarjun Kharge say?
Mallikarjun Kharge wrote, “When the votes started falling, the election gifts started being distributed! It is the cruel Modi government which is looting people of their hard earned money. After the BJP government tortured 140 crore Indians for 9.5 years, giving them election lollipops will not work. Your sins of a decade will not be washed away. In 2024, the anger of the troubled people of the country cannot be reduced by a subsidy of Rs.200. The public has made up its mind. To beat inflation, the only option is to show the way out to the BJP.

What did Mamata Banerjee say?
West Bengal Chief Minister Mamata Banerjee wrote on Twitter, “So far, in the last two months, only two meetings of the ‘Bharat’ alliance have taken place and today we see a reduction of Rs 200 in the price of LPG gas. This is the power of #India!” The post was also shared by Arvind Kejriwal, national convenor of the Aam Aadmi Party and Delhi Chief Minister, which is part of the opposition alliance ‘Bharat’.

Betrayal of the public-Akhilesh Yadav
Former UP CM and Samajwadi Party chief Akhilesh Yadav said that after 100 months of loot, a rebate of Rs 200 has been given.

First the price of LPG cylinder was increased by Rs 800 and then it was reduced by Rs 200.

Tejashwi Yadav
Fearing the issues of loss, they kept looting the public for 9 years. The prices of petrol, diesel and food items will also be reduced.

Electoral Verdict?
Assembly elections are due in Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram later this year. Next year i.e. in 2024 there is Loksabha election.