Business

Rahul Gandhi inadvertently admits LPG cylinders cost more under the Congress-led UPA govt than under Modi sarkar

kem haris 3 years ago 3 min read

On Sunday (May 8), Scion Congress Rahul Gandhi finally scored himself while trying to blame the Modi government for the increase in liquid oil gas prices (LPG) and raised the price of gas cylinders in the country.In a tweet, he claimed the price of LPG cylinders during the Congress era in 2014 was ₹ 1,237 compared to 999 rupees under the Modi government. Rahul Gandhi explained that consumers were then used to pay ₹ 410 from his pocket directly while the government would spend additional ₹ 847 from taxpayers per cylinder for subsidies.

Dinast Kongres kemudian menyesalkan bagaimana pemerintah Modi telah berhenti membayar subsidi, mengakibatkan konsumen membayar sejumlah ₹ 999 secara total untuk silinder LPG pada tahun 2022. Saat melakukannya, Rahul Gandhi menerima bahwa silinder gas sebenarnya lebih mahal pada tahun 2014 daripada itu daripada itu daripada itu daripada itu than that than that than that than that more expensive in 2014 than that than that more expensive in 2014 than that more expensive in 2014 than that more expensive in 2014 than that more expensive in 2014 than that more expensive in 2014 than that it was more expensive in 2014 than that more expensive in 2014 than cylinder gas, was in 2022 and the government of the congress had just used a taxpayer to fund an additional amount.

“2 cylinders then with a price of 1 now. Only the Congress ruled for the welfare of poor families and middle class. This is the core of our economic policy, “he tweeted.

Interestingly, the net price of the LPG cylinder is now cheaper than 8 years despite year-to-year-year inflation. According to articles on Macrotrends, inflation rates in India are 6.65% (2014), 4.91% (2015), 4.95% (2016), 3.33% (2017), 3.95% (2018), 3.72 % (2019) and 6.62 % (2020). The value of 1,237 hospitals in 2014 was around 1,950 in 2022 with further inflation destroyed Rahul Gandhi’s argument.

LPG production, crude oil prices, and imports

In his defense, the congress party could claim that the price of crude oil and natural gas was high during their term of office. However, LPG is produced during the process of purifying crude oil or extracted during the process of natural gas production.

An article in Elgas stated, “LPG comes from two sources, with about 60% stripped of raw natural gas during natural gas processing and about 40% of LPG comes from the crude oil refinery process. LPG is a shared product that occurs naturally. This is stored and distributed in LPG gas cylinders and larger ships. “” LPG gas is made from the process of making LPG gas (LPG production process) that occurs during natural gas processing and fractional distillation of crude oil, “the report added. India imports most of the crude oil from the bay area.It must be mentioned that Brent crude oil is a benchmark used for the oil market in Europe, Africa and the Middle East. According to available data, the price of 1 barrel of crude oil is around the same price of $ 113 in 2014 as it is today.

Given that the price of crude oil is similar, what might explain the difference more than ₹ 200 in the price of LPG cylinder? Although Rahul Gandhi tried to insinuate that Modi’s government policy influenced the middle class, he finally proved how LPG cylinders are now cheaper than before. Further money stored in subsidies is now being distributed for several other projects by the government.