The BJP-led central government has reduced the prices of LPG cylinders
The Centre decided to cut the price of a 14 kg LPG cylinder by Rs 200 on August 29
The BJP government at the Centre has said that the move is aimed at easing the pressure from rising cost of living due to inflation.
The price of LPG cylinders will be cut for the consumers and the oil marketing companies like Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL)
LPG retailers will get compensated by the government for cutting LPG prices by Rs 200 for each cylinder
The oil marketing companies increased the price of domestic LPG cylinder by Rs 50 in July.
The move comes ahead of Assembly polls in five states — Rajasthan, Chhattisgarh, Madhya Pradesh, Telangana and Mizoram — scheduled for later this year.
The Narendra Modi administration’s current five-year term at the Centre too comes to an end next year.