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Amitabh Bachchan Gives Up LPG Subsidy

24 September, 2015 3:01 PM
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Amitabh Bachchan Gives Up LPG Subsidy

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New Delhi: Heeding to Prime Minister Narendra Modi's call, superstar Amitabh Bachchan has given up LPG subsidy and will from now on buy cooking gas at market price.

Mr Bachchan is the latest to join the "give it up" movement where users who can afford to pay market price opt out of scheme to get LPG cylinders at subsidised rates.

Oil Minister Dharmendra Pradhan said, "Such a noble gesture by Shri Bachchan would surely inspire many others to join #GiveItUp, a movement committed to bring smiles to millions of poor households by providing them access to clean fuel (LPG)."

As on date, more than 30 lakh people have surrendered LPG subsidy in response to an appeal made by Prime Minister Narendra Modi on March 27, an official statement said here.

PM Modi also promised that the money saved from this effort will be utilized to provide LPG connections to poor households.

Assuming that each of these consume an average of 8 cylinders per annum and at the average subsidy rate of Rs 200 per bottle, the saving amounts to about Rs 480 crore.

Source: profit.ndtv.com

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