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December 12th, 2012

Poll panel takes exception to LPG cap hike

STATE TIMES NEWS
NEW DELHI: The Election Commission has taken exception to the government’s step to raise the cap on subsidised LPG cylinders from six to nine and given it a directive to put a stop to it immediately.
Speaking to reporters in New Delhi, Oil Minister M Veerappa Moily on Tuesday  said the government will raise the cap on subsidised cooking gas (LPG) to nine  cylinders per household in a year.
“I think it is likely to go up definitely from six (cylinders) to 9 (cylinders),” he said.
Stating that he has had two rounds of discussions with Finance Minister P Chidambaram on the impact of the decision to raise the cap,  Moily said the government will have to provide an additional Rs 9,000 crore annually if the cap is raised.

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