PM Modi Announces Rs 100 Cut in LPG Cylinder Prices on International Women’s Day

On International Women’s Day, Prime Minister Narendra Modi made a significant announcement poised to ease the financial burden on millions of households across India. The Prime Minister declared a Rs 100 reduction in the prices of LPG cylinders, emphasizing the aim to support the well-being of families, particularly benefiting women, or Nari Shakti.

The decision to reduce LPG cylinder prices underscores the government’s commitment to empowering women and ensuring their ‘Ease of Living’. In a social media post, PM Modi highlighted the importance of making cooking gas more affordable to ease financial strain and promote a healthier environment.

The move follows the government’s earlier decision to increase the subsidy on LPG cylinders. Last year, the subsidy was raised from Rs 200 to Rs 300 per 14.2-kg cylinder for up to 12 refills per year. This additional financial support aimed to alleviate the economic challenges faced by households, especially during the ongoing fiscal year.

Expressing solidarity with women on International Women’s Day, PM Modi saluted the strength, courage, and resilience of Nari Shakti, acknowledging their significant contributions across various fields. He reiterated the government’s commitment to empowering women through education, entrepreneurship, agriculture, and technology initiatives.

Moreover, the announcement coincides with extending the targeted cooking gas subsidy under the Pradhan Mantri Ujjwala Yojana (PMUY) for another year until the end of 2024-25. This extension ensures continued support for beneficiaries, with the subsidy amount credited directly to their bank accounts.

Under the scheme, beneficiaries are entitled to the LPG subsidy for up to 12 refills per year. The estimated fiscal year 2024-25 expenditure is projected at Rs 12,000 crore, reflecting the government’s ongoing commitment to supporting households nationwide.

In conclusion, PM Modi’s decision to reduce LPG cylinder prices on International Women’s Day is a testament to the government’s dedication to improving the lives of citizens, particularly women. By addressing the financial challenges households face and extending support through targeted subsidies, the government continues to prioritize the welfare and empowerment of its citizens.