OIL & GAS

LPG cylinder price hiked by Rs 25; Here’s how much you have to pay now for a cylinder in metro cities

In another blow to the common man, non-subsidised liquefied petroleum gas (LPG) prices were hiked by Rs 25 on Monday (March 1, 2021) across the four metro cities. With effect from today, the price of non-subsidised LPG was at Rs 819 per cylinder (14.2 kilograms) in Delhi, according to Indian Oil Corporation.

The country’s largest fuel retailer Indian Oil supplies LPG under the brand Indane. Usually, the rates of non-subsidised LPG cylinders are reviewed on a monthly basis and changes, if any, are effected on the first day of each month. Cooking gas rates vary in different parts of the country due to local taxes.

The new price in Kolkata is Rs 845, the highest among the four major metros. In Mumbai, the domestic cylinder now costs Rs 819 and in Chennai Rs 835. In Hyderabad, the price is Rs 871.50 ( Rs821.50). Since February, cooking gas rates in Delhi have been hiked for the fourth time. The prices were first hiked by Rs 25 on February 4 and then by Rs 50 on February 14. The third hike on February 25, push prices up again by Rs 25.

Today’s price hike is the fourth upward revision in just four weeks. After this 4th hike, cooking gas refills have become expensive by Rs 125 each for households. To recall, the price of domestic cylinders had increased by Rs 100 each in December as National oil marketing companies Indian Oil Corporation, BPCL and HPCL had increased the price by Rs 50 twice. LPG rates were left untouched in January. The latest revision translates into a Ra 225 hike in the cooking gas prices within four months.

It is worth adding that the government subsidies a total of 12 cylinders of 14.2 kilograms each per household every year. The customer has to make any additional purchases of the LPG cylinders based upon the market price.

Source
Times Now
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