8 Million Indians Give Up LPG Subsidy, Save Govt 4K Crore

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Millions of Indians have responded to Prime Minister Narendra Modi’s ‘Give It Up’ campaign. A year after the PM asked India to give up their LPG subsidy, the response has been tremendous.

Over 7.7 million Indians have given up their LPG subsidies saving the government over Rs. 3,900 crore.

Petroleum Minister Dharmendra Pradhan has said that 8.3 million have given up their subsidy but the official website says the figure is 7.7 million. If Pradhan’s figure is correct, the amount saved goes to Rs. 4,200 crore.

Each family has given up an annual subsidy worth Rs. 5,000. Every family gets 12 cylinders a month. Any more cylinders have to be paid at full price.

This campaign had been going on since 2012 but the real thrust came in after Modi’s speech last year when he exhorted people to give up their subsidies and the results are here for all to see.

In August 2014, 2,500 people had given up their subsidies. The number stood at 7 lakh in June 2015. Since then, the number has grown almost ten-fold to 7.7 million.

In December 2015, it was announced that families earning over Rs. 10 lakh wouldn’t qualify for the subsidy.

Employees of the major oil companies in India: Indian Oil Corporation. Bharat Petroleum and Hindustan Petroleum Corporation Limited were among the first ones to give up their subsidies.

You can give up your LPG subsidy by writing to your distributor or logging on to www.mylpg.in and submitting your request.

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