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No subsidised cylinders for the rich?

Last Updated: Saturday, April 28, 2012 - 00:55

Zeebiz Bureau

New Delhi: A Parliamentary committee on Petroleum and Natural Gas on Friday recommended that people with an annual income of Rs six lakh and above should not be given subsidised cooking gas, according to sources.

The committee has strongly recommended that the subsidy given on cooking gas should be stopped from immediate effect for such household. It has also suggested that Parliamentarians, officers and ministers should also be brought under this purview.

According to the Ministry of Petroleum and Natural Gas the retail price incurred for domestic cooking gas is approximately rupees 996 which is availed by the consumer at a much lower price. A bottle of cooking cylinder costs rupees 400 in the market for which the companies have to bear a loss of rupees 570 for each bottle.

The panel has been informed by the petroleum ministry that the government is yet to decide on this.

First Published: Friday, April 27, 2012 - 22:34
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