LPG - govt cheated consumers ?
Prime Minister Narendra Modi and his ministers claim that DBTL scheme for LPG consumers had saved around rs.22,000 crores to the Central government. But CAG has found out that this scheme has saved only rs.2,000 crores. Rest of the amount is saved due to the drop in global prices. During 205-16 LPG import has gone up - to 8,885 thousand metric tonnes. It was 8,313 (TMT) in 2014-15. Still India saw the value of its LPG imports drop from Rs 36,571 crore in 2014-15 to a projected Rs 25,626 crore in 2015-16. That is a saving of Rs 10,945 crore in just a year.
What does this mean ? Government has not passed on the benefit of around rs.20,000 crores to the consumers in 2 years. When petrol rates were decreasing, government has not passed on the entir benefit to consumers. It went on increasing excise duty in instalments of 2%. So, instead of people getting the benefit, govet reaped the benefits. But in LPG the entire benefit is being reaped by the government. Why not the government transfer the benefit of rate reduction to consumers ?
Prime Minister Narendra Modi and his ministers claim that DBTL scheme for LPG consumers had saved around rs.22,000 crores to the Central government. But CAG has found out that this scheme has saved only rs.2,000 crores. Rest of the amount is saved due to the drop in global prices. During 205-16 LPG import has gone up - to 8,885 thousand metric tonnes. It was 8,313 (TMT) in 2014-15. Still India saw the value of its LPG imports drop from Rs 36,571 crore in 2014-15 to a projected Rs 25,626 crore in 2015-16. That is a saving of Rs 10,945 crore in just a year.
What does this mean ? Government has not passed on the benefit of around rs.20,000 crores to the consumers in 2 years. When petrol rates were decreasing, government has not passed on the entir benefit to consumers. It went on increasing excise duty in instalments of 2%. So, instead of people getting the benefit, govet reaped the benefits. But in LPG the entire benefit is being reaped by the government. Why not the government transfer the benefit of rate reduction to consumers ?