Oil companies reduce price of 19 kg commercial and 5 kg FTL cylinders
Oil marketing companies reduced the prices of 19 kg commercial cylinders and 5 kg FTL (Free Trade LPG) cylinders, said sources.
Union Petroleum Minister Dharmendra Pradhan on Friday hit out at those protesting against the hike in LPG prices and said they are fighting for the rich class and not the poor who are getting more in terms of net subsidy than what they were getting last month.
Even the parties like the BJD here who are protesting LPG price revision must know that the poor will see their love for the rich non-subsidised class.
“Now, the subsidy amount deposited to the bank account is Rs 204 as against Rs 154 last month,” said Pradhan.
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Attacking the ruling BJD here, he said, why doesn’t Odisha move the GST council to reduce the tax on LPG. Pradhan said international price of LPG had risen resulting in the increase effected on Friday.
On fuel price, he said it is complex and reduction of excise duty alone will not help unless state’s slash VAT.
“The geo-political situation governs the issue and recently the US had warned imposing increased duty on imported steel from Europe as it is not supporting the sanctions on Iran,” he remarked.
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