No Gas Subsidy for higher income group

Taxpayers with annual income of more than Rs 10 lakh will not get subsidised cooking gas (LPG) from next month as the government on Monday decided to limit the supply of under-priced fuel to cut subsidies.
At present, all households are entitled to get 12 cylinders of 14.2-kg each at subsidised rate of Rs 419.26, while the market price is Rs 608.
The government had asked well-off people to voluntarily give up using subsidised LPG and instead buy cooking fuel at market price, Oil Ministry said in a statement.

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