LPG price cut to have financial implication of Rs 7,680 cr in current fiscal
The Indian government has announced a reduction of Rs 200 in the price of cooking gas cylinders for all subscribers, on top of the existing subsidy. This move will cost the exchequer around Rs 7,680 crore for the 2023-24 fiscal year. The decision is being seen as a pre-election gift, with Assembly elections scheduled in four states and Lok Sabha elections due next year.
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