Imagine :
1 crore families , each getting 12 LPG cylinder per year with Rs 300 subsidy /
cylinder = Rs 3600 / year
Total “ Subsidy Saving “ from 1 crore RTS installations = Rs 3,600 crore / year
And will reduce LPG consumption by 1.8 Million tons / year !
This amounts to reduction in import cost = $ 1.28 Billion ( Rs 10,629 Crore / year ) !
Why is this ( COMPOSIT scheme ) all the more URGENT and IMPORTANT ?
Today’s Economic Times carries following report :
Ø LPG imports surge 60% in five years
Extract :
LPG Imports :
Ø 2017-18………………. 11.4 MMT ( Import cost = $ 5.8 billion )
Ø 2022-23……………… 18.3 MMT ( Import cost = $ 13.3 billion )
This was due to rise in global LPG prices which surged .. 46 % .. in 5 years to $
711.50 per metric ton
Domestic production rose by just .. 4 % .. in 5 years ( to 2022-23 ), while
consumption expanded by .. 22 % ..
No comments:
Post a Comment