LPG Price Likely to Come Down Next Month, says Dharmendra Pradhan - TNBCLive

On Thursday, Union Minister Dharmendra Pradhan says LPG prices may come down next month. He announced while he was interacting with the media on his arrival at the Swami Vivekananda Airport in Chattisgarh. He is on his two-day visit to the city.

The Minister for Petroleum and Natural Gas was asked about the constant rise in LPG prices. He replied saying, “This is not true that the price (of LPG) is constantly increasing. This month it was hiked due to the international market. However, there are indications that the prices may come down next month.”

“During the winters, LPG consumption increases, which creates a pressure on the sector. This month, the price increased while next month it will reduce,” he continued.

The price of the LPG increased last week by a steep Rs 144.5 per cylinder because of the spurt in global benchmark rates of the fuel. However, insulating the domestic users, the government almost doubled the subsidy it provides on the fuel to keep per cylinder outgo almost unchanged. 

During his trip, the minister also visited the Bhilai Steel Plant (BSP) located in Durg district of the state and held meetings with the plant officials, union representatives, and others.

The minister took a tour of the iron ore mines of the Bhilai Steel Plant in Dallirajhra town of neighboring Balod district and laid the foundation of a beneficiation plant there.

“BSP holds an important place in our country’s steel industry, especially for Indian Railways as it meets 98 percent of the requirement of rail…How we can further improve the production capacity of the plant will be discussed with its officials during my visit,” the Union minister said.

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