OIL & GAS

After another Rs 25 hike, LPG refill price up Rs 175 since February 1

Household cooking gas became costlier by Rs 25 on Monday, the fourth increase in the last 24 days that takes the total increase to Rs 125 per cylinder. Cooking gas prices have been rising since December. Rates have cumulatively gone up by Rs 175 per refill since then.

After the latest increase, a 14.2-kg domestic cylinder will cost Rs 819 in Delhi, up from Rs 794. LPG prices were hiked first by Rs 25 per cylinder on February 4, followed by a Rs 50 per cylinder increase on February 15 and Rs 25 raise on February 25.

Consumers have to pay the market price and the government is supposed to give subsidy to domestic consumers covered under the subsidy net. But the subsidy was erased in metros and major cities through successive price increases over the past couple of years.

So in Delhi, for example, consumers have been paying the market price without subsidy support. Executives at state-run fuel retailers said a small subsidy is paid to customers in remote and far-flung areas to compensate for higher freight charges.

Jet fuel prices were also raised on Monday by Rs 3,663 per kilolitre, or 6.5%, the third since February. After the revision, jet fuel costs Rs 59,400 per kl in Delhi and varies according to VAT levied by other states.

Source
Times Of India
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