India extends subsidy on cooking gas by a year
![](https://portfolio.investmentguruindia.com/uploads/news/LPG080324.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
India will extend a subsidy on cooking gas by a year at a cost of 120 billion rupees ($1.45 billion), the country's commerce minister said on Thursday, weeks before national elections in which Prime Minister Narendra Modi will seek a third term.
Modi's government already hiked the subsidy for low income households twice last year to 300 rupees per liquefied petroleum gas (LPG) cylinder from 200 rupees earlier to rein in inflation.
The announcement with benefit 102 million people, the government said.
India imports about 60% of its liquefied petroleum gas requirement and LPG prices globally have surged more than 300% since April 2020.
($1 = 82.6890 Indian rupees)
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Top News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/f88dbfee040127ab30a15e7862cf2e24.jpg)
Computer Age Management Services rises on getting nod to further invest in CAMS Financial In...