OIL & GAS

LPG price up by Rs 25, adds to people’s fuel cost woes

The state-run oil companies have increased the LPG cylinder price by Rs 25 per cylinder, making it the third hike in a month. The price of a non-subsidised 14.2 kg LPG cylinder in Patna is Rs 893.50 now, as against Rs 867.50 earlier.

Prices have been on the rise since December and rates have cumulatively gone up by Rs 200 per cylinder. While citizens under financial stress are blaming the government for the surge, oil companies explained that the price rise is largely dependent on international crude oil prices.

“LPG prices in the country are based on the international product – propane and butane, these prices are revised every month by the government based on recent fluctuations in international pricing. It is automated and nothing can be done about it,” an Indian Oil executive told this newspaper.

The constant surge in LPG prices is impacting the budget of many households. Kapil Kumar, executive of a gas agency at Hanuman Nagar said, “Common people, who don’t know how the pricing works, blame us for the fluctuations. People are visually disappointed and are constantly expecting some relief.”

Anjali Chauhan, a resident of Boring Road said the government should be more considerate towards middle-class people. “The pandemic has already drained us financially, so even a small price hike in basic commodities is making it difficult for us to adjust our budgets,” she said.

“It seems that the price of cooking gas cylinder will soon reach the four-figure mark, such unjustified brutal hikes are not fair on us, the middle-class people,” said Kanti Singh, a homemaker.

Source
Times Of India
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