HomeNewsBusinessRs 57,768 crore estimated savings from domestic LPG subsidy under recovery in FY16-FY21

Rs 57,768 crore estimated savings from domestic LPG subsidy under recovery in FY16-FY21

In a written reply to a question, Teli said that as of March 31 around 28.95 crore people had given up their LPG subsidy under the “GiveItUp” campaign across the country.

July 26, 2021 / 15:11 IST
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The Minister of State in Ministry Of Petroleum And Natural Gas Rameswar Teli in Lok Sabha, on July 26, said that the estimated savings due to blocked/non-subsidised domestic/GiveItUp consumers of liquified petroleum gas from 2015-16 to 2020-21 stood at Rs 57,768 crore.

In a written reply to a question, Teli said that around 28.95 crore people had given up their LPG subsidy as of March 31 under the “GiveItUp” campaign across the country.

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He added that the amount of subsidy/under-recovery on supply of domestic LPG in 2020-21 stood at a projected Rs 11,896 crore. The under-recovery in 2019-20 stood at Rs 24,172 crore, while it was around Rs 37,209 crore in 2018-19, Rs 23,464 crore in 2017-18, Rs 18,337 crore in 2016-17 and Rs 22,029 crore.

In another response to a question in the Lok Sabha, Teli said that around 30.5 million tonnes of crude oil were produced in India in 2020-21 which made up 13.3 percent of the country's total crude availability, including production and imports.

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