India is one of the countries where poverty is an issue and to curb the poverty, subsidy is provided by the Government.
India has witnessed one of the greatest poverty removal campaigns started in 2005 which has uplifted 415 million people out of extreme poverty. The surprising pace at which it has been done is unprecedented in the history of humankind.
One of the strategies used by the government is to provide LPG i.e. cooking gas subsidies to individual homes across India.
The subsidy was aimed at providing Every household with safe and clean fuel for cooking and preventing the use of wood or coal.
While the subsidy is intended to help households with their cooking expenses, not all households need this subsidy.
For those who can afford to pay the full price of LPG, giving up the subsidy can be a way to reduce the burden on government finances and help those who are truly in need.
In this article, we will discuss the steps to give up LPG subsidies for HP, Bharat, and Indane gas, as well as the benefits of doing so.
Table of Contents
What is LPG Subsidy?
LPG Subsidy is a government initiative in India aimed at providing subsidized cooking gas to households across the country.
The subsidy is designed to help low-income households by providing them with Liquefied Petroleum Gas (LPG) at a discounted rate.
Under the scheme, a total of 12 cylinders a year is provided to a household subsidized beyond which you’ll have to pay the total amount.
The subsidy is primarily provided for three major LPG providers in India – Bharat Gas, HP Gas, and Indane Gas.
Reasons for giving up LPG subsidy
As a citizen of India, it is important to have a broader and more sympathetic approach toward society and especially towards the needy. Giving up LPG Subsidy is similar to this and Here are some reasons why someone might choose to give up an LPG subsidy
- By giving up the subsidy, those who can afford to pay the full price of LPG can help the government channel the subsidy to households that truly need it and put less pressure on Indian Government
- If a household is financially stable and can afford to pay the market price for LPG, giving up the subsidy can help them contribute to the nation’s economy
- Some households take advantage of LPG subsidies and sell their subsidized cylinders on the black market for a profit. By giving up the subsidy, the government can reduce such black market activities
- The Indian government launched the “Give It Up” campaign to encourage citizens to give up their LPG subsidy voluntarily. By giving up the subsidy, people can contribute to this campaign and support the government’s efforts to provide clean cooking fuel to those who need it the most.
Steps to give up LPG subsidy for HP, Bharat, and Indane gas
The following are the steps that you’ll have to follow to give up LPG Subsidy for HP, Bharat, Indane Gas-
- Visit the official website of the respective gas provider: For HP gas, visit https://myhpgas.in/, for Bharat Gas, visit https://my.ebharatgas.com/, and for Indane Gas, visit https://cx.indianoil.in/
- Now, Click on the “Give up subsidy” option on the website homepage
- After that, you’ll be redirected to a new portal where you’ll have to enter your LPG ID and registered mobile number
- After entering these details, an OTP will be sent to your registered mobile number where you’ll have to enter the OTP to verify the details
- After verification is confirmed, your request will be accepted and a confirmation message will mention the subsidy amount that you have surrendered, and your LPG cylinder will be priced at the market rate from then on
Yes, you can give up LPG subsidies online by visiting the official website of the respective gas provider and following the necessary steps.
No, you cannot give up the LPG subsidy partially. Once you choose to give up the subsidy, the entire subsidy amount will be surrendered and you’ll have to reapply for subsidy if you want to take the subsidy again.
Yes, you can revoke your decision to give up the LPG subsidy by submitting a written request to the respective gas provider.
No, once you have surrendered the subsidy amount, it cannot be claimed in the future.
No, giving up the LPG subsidy is voluntary and now the individual is forced to do so. It is up to the individual to decide whether they want to give up the subsidy or not.
Yes, you can change your gas provider even after giving up the LPG subsidy.
Yes, you can avail of the subsidy again in the future by submitting a written request to the respective gas provider.
The subsidy amount for LPG cylinders varies from time to time and is determined by the government. As of May 2023, the subsidy amount is around Rs. 200 per cylinder with a cap of 12 cylinders a year.
I’m Shiv Kumar, a graduate with a passion for finance, marketing, and technology. My journey into finance started with a desire to understand money management and investing.
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