Centre to cover cost of ₹200 LPG cylinder price cut, assures Puri: Report
Live MintLPG cylinder news: Minister of Petroleum and Natural Gas, Hardeep Singh Puri stated on 30 August that the government would bear the cost of the promised ₹200 price decrease on household cooking gas cylinders, relieving the oil marketing companies of the impending loss of ₹7,500 crore. Puri's declaration came a day after the government announced the price cuts on domestic cooking gas cylinders, in an exclusive interaction with CNBC-TV18, stated moneycontrol in its news report. The oil minister complimented the Narendra Modi-led administration for adopting the much-needed price reduction for LPG cylinders and claimed that everyone in the country has applauded the Centre's most recent action. The minister reportedly stated that India will buy oil at the most affordable price from all suppliers, according to the moneycontrol news report.