The government is working out modalities for the roll out of direct transfer of cash subsidy to cooking gas (LPG) consumers, After a meeting with Finance Minister P Chidambaram, Petroleum Minister M Veerappa Moily said in Delhi that the Finance Ministry is working out modalities of LPG subsidy roll out under DBT The government was to implement the DBT for LPG in a phased matter beginning with one district and extending to 20 by May 15. It will be extended all over the country as and when beneficiaries get the unique identification number Aadhar and have their bank accounts linked to that. Once implemented, the government will transfer close to Rs 4,000 to every household annually to enable people to buy 9 cylinders of LPG at market price.Currently, state-owned oil firms sell domestic cooking gas at a highly subsidised rate of Rs 410.50 per 14.2-kg cylinder. It is half the market price and the difference is made good by the government in the form of subsidy to oil companies.
News On AIR | April 10, 2013 8:41 AM
Modalities being worked out for LPG rollout under DBT: Petro Min Moily