Bolstering affordable energy access, New Delhi has cleared ₹30,000 crore in LPG subsidies for FY 2025-26, earmarked for PSU oil behemoths IOC, BPCL, and HPCL. This will underpin subsidized sales of 14.2 kg household cylinders, now at ₹913 in Delhi markets.
The fiscal nod, shared in a Lok Sabha written response by Minister Suresh Gopi, ties into PMUY’s framework, where ₹300 per cylinder aids BPL families, netting them gas at ₹613 effectively. It’s a cornerstone of inclusive energy policy.
Supply augmentation features prominently: Refineries must convert C3 and C4 streams to LPG, with exclusive PSU allocation enforced via Essential Commodities Act. This domestic push counters global supply risks.
Complementing this, 5.33 million MT strategic crude via ISPRL stands ready for disruptions, such as those from Iran hostilities. Market-led petrol/diesel pricing by PSUs is tempered by state interventions, like 2021-22 excise slashes—₹13/litre petrol, ₹16/litre diesel—passed on fully.
Recent moves include a March 2024 ₹2/litre cut and absorption of April 2025’s duty hike, shielding wallets from fluctuations.
This comprehensive strategy not only sustains subsidies but positions India resiliently in the global energy landscape, prioritizing citizen welfare.