"We don't have such a proposal before us," Moily, who arrived here in connection with the formal commissioning of the Petronet LNG terminal at nearby Puthyvype by Prime Minister Manmohan, told reporters here.
"Nine subsidised cylinders a year covers 90 per cent of the consumers. Only 10 per cent are left without subsidy," he said.
People will appreciate the government stand, he said.
On Thursday, Finance Minister P Chidambaram had said in New Delhi that the government will "take a look" at the demand to raise the quota of subsidised LPG cylinders to 12 per household in a year from the current limit of nine.
The price of non-subsidised cooking gas was hiked by a steep Rs 220 per bottle from January 1 on firming international rates.
The 14.2-kg cooking gas cylinder that consumers buy beyond their entitled nine bottles at subsidised rates, will now cost Rs 1,241, up from Rs 1,021 in Delhi, state-owned fuel retailers said.
This is the third increase in non-subsidised LPG rates in the past month. The price was hiked by Rs 63 a cylinder to Rs 1,017.50 on December 1. It was increased by a further Rs 3.50 to Rs 1,021 on December 11, when the government raised the commission for LPG dealers and distributors.
The government had in September 2012 capped the supply of subsidised domestic LPG cylinders to six per household in a year. The quota was raised to nine bottles per household in a year in January 2013.