LPG Price rise in India

[bharat]

India has constantly faced price hike in terms of Petrol, Diesel and LPG cylinders in recent times. With the price rise of diesel, the Government has cut down on the supply of LPG cylinders to 6 cylinders a year for every household. The restriction in supply of LPG cylinders is made in order to reduce the under-recovery of OMCs by about Rs. 5,300 crore for the remaining part of the financial year. However, The under-recovery even after this measure, is anticipated to be above Rs. 32,000 crore during 2012-13,. However, any number of cylinders will be available above 6 cylinders at market rate and the number of cylinders that will be available to each consumer in the remaining part of this financial year will be only 3 cylinders. How far is this justifiable?

 

[traveller]

Government is increasing the price of petroleum every now and then to meet the high inflation and the fiscal deficit at the cost of the people. Cutting down on the supply of number of LPG cylinders to every household will lead to black marketing as it is one of the basic necessity of every household in the modern times. Black marketing of cylinders will affect the economy of the nation and Government has totally neglected that aspect. Cutting down on the supply of cylinders is not at all justified.