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Home Economy

Rising Cylinder Prices in India

ARABINDA RABHA

by Anjan Sarma
March 4, 2023
in Economy, National, News, Opinion
Reading Time: 4 mins read
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Rising Cylinder Prices in India
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Rising Cylinder Prices: Consumer Outcry Against Price Hike

ARABINDA RABHA

Rising Cylinder Prices in India

The sudden increase in the price of cooking gas, a necessity for many households, is a huge burden for those who are already dealing with the financial strain caused by the pandemic.

For those living in poverty, this could mean having to go without food or other essentials in order to pay for gas. This is especially concerning as food insecurity is already a concern for many in India.

The price of a 14.2 kg domestic cylinder for households has consequently shot up to ₹1,103 in Delhi; ₹1,102.50 in Mumbai; ₹1,118.50 in Chennai; and ₹1,129 in Kolkata.

In order to address this issue, the government needs to take immediate action. They should provide subsidies or other financial assistance to those who are most affected by the rise in the price of cooking gas. This could include providing direct cash transfers or coupons that can be used to purchase cooking gas at a discounted price.

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Additionally, the government should ensure that gas suppliers are not taking advantage of consumers by charging exorbitant prices for fuel. Lastly, the government should provide incentives for people to switch to alternative cooking methods, such as solar cookers or biomass stoves, which are not as dependent on fuel prices.

The sudden surge in the price of cooking gas is a serious concern for households across India, especially those who are already suffering from the financial turmoil caused by the pandemic. For many living in poverty, having to choose between paying for gas and buying food or other necessities is an unfortunate reality. The implications of this crisis are far-reaching, as food insecurity is already a problem in India.

Rising Cylinder Prices in India
Times of India

In order to alleviate this burden, the government must take immediate action. Subsidies or other forms of financial assistance should be provided to those most affected by the increasing cost of cooking gas. This could include direct cash transfers or coupons that allow discounted purchases of fuel. The government should also ensure that gas suppliers are not taking advantage of consumers with exorbitant prices.

Lastly, incentives should be given for people to switch to alternative cooking methods, such as solar cookers or biomass stoves, which are far less dependent on fluctuating fuel costs. By taking these actions, the government can help to ensure that households throughout India have access to the fuel they need, without having to compromise their financial stability.

On top of this, the price hike could also increase the cost of living for those who can afford the gas. The price increase could mean that households have to spend more on other items, such as food and other essential items, in order to make up the difference. This could lead to more families struggling to make ends meet and further exacerbate the economic crisis.

The price hike could also hurt small businesses, such as restaurants and small eateries, who rely on cooking gas for their operations. These businesses are already struggling due to the pandemic and the increased cost of gas could further reduce their profits, leading to job losses and further economic hardship.

Rising Cylinder Prices in India
source: Twitter.com

The government needs to take into account the impact of the price hike on consumers and small businesses before taking any such action. In a time of economic instability, it is essential that the government takes steps to ensure that the people are not further burdened. A better approach would be to provide subsidies and other forms of assistance to those in need, rather than hiking prices.

In conclusion, the government’s decision to increase the price of cooking gas is an unwelcome surprise, especially in the current economic climate. It will disproportionately affect those in poverty and further reduce the profits of small businesses. In order to ensure that all citizens are not further burdened, the government should provide assistance to those in need, rather than increasing prices.

03-03-2023

Mahabahu.com is an Online Magazine with collection of premium Assamese and English articles and posts with cultural base and modern thinking.  You can send your articles to editor@mahabahu.com / editor@mahabahoo.com ( For Assamese article, Unicode font is necessary)

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Anjan Sarma

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