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Give Up LPG Subsidy? For The Rich Or The Poor Is The Question?

Heeding to Prime Minister Narendra Modi’s call, over 1 million consumers of three public sector oil companies across the India have surrendered buying LPG at below-market price.

The three companies – Indian Oil (Indane), Bharat Petroleum (Bharat Gas) and Hindustan Petroleum (HP Gas) – have nearly 15.3 crore registered consumers. All the three firms incur a total subsidy cost of Rs 40,000 crore on providing 12 LPG cylinders per year to each consumer.

But, there’s a down side to it. The thoughtful, questioning and the discerning consumers have been raising a valid point: How many MPs or bureaucrats or the rich industrialists have given up their LPG subsidy?

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