Monthly hike in LPG prices rolled back
By Our Economy Bureau | 25 Nov 2004
New Delhi: The government has rolled back its decision to increase the price of domestic cooking gas by Rs5 per cylinder each month.
Speaking to reporters after the meeting of the union cabinet followed by that of the cabinet committee economic affairs, petroleum minister, Mani Shankar Aiyar stated, "It has been decided by the Cabinet Committee on Economic Affairs (CCEA) that the previous decision to raise LPG price by Rs5 every month stands rescinded."
On November 4, the government had announced raising the price of LPG by Rs20 per cylinder with immediate effect to be followed by a hike of Rs5 per cylinder every month to cover the steep hike in input costs till the subsidy on cooking gas was nullified.
Aiyar, however, reiterated that the prices of no other petroleum product was being changed.
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