Households relying on cooking gas can breathe easier as the government sanctions ₹30,000 crore for LPG subsidies to public sector undertakings in FY 2025-26. The allocation targets IOC, BPCL, and HPCL, facilitating affordable 14.2 kg cylinders priced at ₹913 in Delhi without market distortions.
Parliament heard the update from Minister Suresh Gopi, who noted PMUY’s role in delivering cylinders at an effective ₹613 post-₹300 subsidy for underprivileged users. This targeted aid has transformed access to clean cooking fuel for rural and urban poor alike.
To ramp up production, a ministry order compels refineries and petrochemical units to prioritize C3/C4 feeds for LPG, directing all output to PSU oil firms under legal mandates. Such steps fortify domestic supplies against import volatilities.
Energy security takes center stage with ISPRL’s 5.33 million MT strategic crude reserves, a buffer for scenarios like supply chain breaks from Iran-related conflicts. Petrol and diesel prices, market-determined by PSUs, see government offsets via tax adjustments during crises.
Historical actions highlight responsiveness: 2021-22 excise cuts of ₹13/litre (petrol) and ₹16/litre (diesel) benefited consumers directly. March 2024 brought ₹2/litre retail reductions, while April 2025’s duty increase was shouldered by firms.
In essence, these policies weave a safety net for energy consumers, promoting stability and equity in India’s fuel ecosystem.