Prior to the budget, people got relief, cheap gas cylinders

The country's interim budget is going to be introduced on February 1. Before the budget, Modi Government has given great relief to the common people.

gas cylinders
The Modi government will present the country's interim budget tomorrow ie February 1. Before the budget, the government has given relief to the common people. In fact, the price of domestic LPG cylinders has reduced by Rs 1.46. At the same time, the price of non-subsidized cylinders has dropped by 30 rupees. Let the prices of LPG cylinders fall for the third time within two months. Earlier, on December 1, a subsidy of cylinders was cut by Rs 6.52 and on January 1, a major reduction of Rs 5.91 was made.

The statement issued by Indian Oil, the largest liquefied natural gas company, said that from midnight on Thursday, the price of subsidized 14.2 kg gas cylinders in Delhi would be Rs 493.53. At present, the price of this cylinder is 494.99 rupees. Similarly, the price of 14.2 kg cylinders without subsidy has come down by 30 rupees. Today, the new price of non-subsidized cylinders will be Rs 659 per midnight. At present, LPG customers are required to buy at the cylinder market price. Government subsidizes a consumer to a maximum of 12 cylinders per year.

What is the reason for the decline

The main reason for the reduction in LPG prices is the burden of tax on this fuel. Apart from this, its prices in the international market have also affected its prices due to improving the position of rupee and rupee against the US dollar. Tell us that the rupee has closed 8 paise at 71.08 compared to the dollar. Earlier, the beginning of the money was very strong. In early trading on Thursday, the rupee strengthened by 26 paise to Rs 70.86 per dollar in the interbank currency market. On Wednesday, the rupee closed at a low of Rs 71.12 per dollar on a weak note. Here, the subsidy on LPG can vary from month to month, which is determined according to the average of the prices of LPG in foreign exchange and international market.

Relief before budget

The reductions in LPG prices have come at a time when the country's interim budget remains a few hours left. Let us know that tomorrow ie February 1, Piyush Goyal will present the budget. There are possibilities of many big announcements for the common man in this budget before the Lok Sabha election. These may include changes in tax slabs and universal basic income. Explain that this budget is not complete but interim. The interim budget is present when there is a time remaining in the Lok Sabha elections in the country or the end of the tenure of the government. In this, the budget is presented for partial time.