LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Attention Bharatgas, Indane, HP customers: Old subsidy transfer system to return? Here's the truth

In the wake of reports claiming the Centre may bring back the old system of LPG subsidy distribution, the government issued a clarification today. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Attention Bharatgas, Indane, HP customers: Old subsidy transfer system to return? Here's the truth
The government currently transfers subsidy only on 12 cylinders of 14.2 kg each per household in a year. Image source: Reuters
Written By: ZeeBiz WebTeam
Updated: Tue, Dec 04, 2018
05:46 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
These Bharatgas, Indane, HP customers may lose LPG connection from December 1! Are you in this shock list? These Bharatgas, Indane, HP customers may lose LPG connection from December 1! Are you in this shock list?

In the wake of reports claiming the Centre may bring back the old system of LPG subsidy distribution, the government has issued a clarification today. The Central government has said that it has no such proposal on change in the Direct Benefit Transfer (DBT) of LPG subsidy. 

In an official statement, the Ministry of Petroleum & Natural Gas said,"Attention is invited to some press reports on change in Direct Benefit Transfer (DBT) of LPG subsidy Scheme wherein it has been reported that Government may bring back the earlier system of supplying subsidized refills to domestic LPG consumers in place of the current scheme of transfer of cash subsidy into the bank account of LPG consumers under the PAHAL Scheme."

"It is clarified that the news reports are not based on facts and there is no such proposal before the Ministry to alter the DBT mechanism."

In the old scheme, the government used to sell LPG cylinders at subsidized rates. Currently, the customer has to buy cylinders at market rates while the subsidy amount is directly transferred to the bank account of beneficiaries. 

The government currently transfers subsidy only on 12 cylinders of 14.2 kg each per household in a year. 

Over 23 crore LPG consumers have received subsidy of nearly Rs 94,500 crore since November 2014 through direct benefit transfer, state-owned Indian Oil Corp had said in a statement last month.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
BharatgasHindustan PetroleumIndane
RELATED NEWS
These Bharatgas, Indane, HP customers may lose LPG connection from December 1! Are you in this shock list? These Bharatgas, Indane, HP customers may lose LPG connection from December 1! Are you in this shock list?

LATEST NEWS

West Bengal, Tamil Nadu, Kerala, Assam, Puducherry elections: Not just Voter ID, you can use any of these 11 ID proofs to cast vote

Indian economy 2021: With 0.4% GDP growth in 3rd quarter, country out of technical recession

Bank Holidays March 2021: RBI says banks will remain closed on these many days next month

CBSE exam 2021: Class 10, 12 students should know THESE 10 points before appearing for board exams

ISRO First Mission in 2021: Indian rocket to launch Brazilian satellite, PM Modi picture on spacecraft, space privatisation and more

Ind vs Eng: Jasprit Bumrah released from squad for fourth Test

Sovereign Gold Bond Scheme 2021: Issue Price fixed at Rs 4,662/gm

Covid 19 2nd phase vaccination drive from March 1: EXPLAINED! Who are eligible, required photo identity, advance self-registration—All you need to Know

Stock Market Outlook: Nifty, Bank Nifty crucial levels REVEALED; Anil Singhvi explains key reasons behind massive fall

IIT Bombay releases GATE 2021 answer key—This is how you can check and raise objection

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved