Last month, prices of petrol and diesel were increased, causing a huge burden on the public. Rising fuel prices have not only increased the operating costs but also increased the prices of daily essentials. People fear that fuel prices may increase further in the coming time. Meanwhile, the government has come up with a scheme to reduce the burden on the public; There is hope of relief from this news.
**Government came forward to help**
To reduce the impact of inflation on the public, the government is now giving crores of rupees to Oil Marketing Companies (OMCs) so that the prices of petrol and diesel do not increase for a long time. According to a PTI report, the government is giving around ₹1.23 lakh crore to oil companies to ensure that petrol and diesel prices do not change for 78 days. Meanwhile, government sources told PTI that the fertilizer minister has requested to double the fertilizer subsidy – which was initially fixed at ₹1.77 lakh crore – for the 2027 financial year. This step has been taken at a time when the government is struggling with subsidy bills and rising energy costs in different sectors.
**Reduction in subsidized LPG cylinder**
On Monday, the Central Government reduced the number of subsidized LPG cylinders provided annually to the beneficiaries of ‘Pradhan Mantri Ujjwala Yojana’ from nine to four. The government said that this change has been made on the basis of the average usage pattern of families. Under the scheme, launched in 2016, beneficiaries initially received 12 subsidized cylinders of 14.2 kg each each year; Later this quota was reduced to nine and now it has been reduced to four.
It is worth noting that all this is happening amid the global situation. The ongoing tension between Iran and America has affected India’s economy. In such a situation, the government is trying its best not to put too much burden on the public, for which it is providing financial assistance to oil companies.
