LPG Cylinder Rate Hiked By Rs 50, Here’s Why?

Non-Subsidised Cooking LPG To Cost ₹ 50 More, ₹ 769 In Delhi: Report

In yet another hike, the price of LPG domestic cylinder in Delhi was raised by Rs 50 per unit on Sunday.

The new price has come into effect from February 15 midnight, 12 am. This is the second price hike in the month of February.

LPG Price Hiked:

Earlier on February 4, the price of cooking gas a 14.2 kg gas cylinder in the national capital and other metro cities will now cost rs769 (for non-subsidised cylinders) from 12 AM Monday onwards.

This is the second price hike in the month of February. Earlier, the non-subsidised liquefied petroleum gas prices were hiked by rs 25 on February 4, 2021.

The hike comes at a time when the prices of petrol and diesel prices touched all-time highs across the four metros on Sunday after oil marketing companies increased the rates by around 30 paise for the sixth straight day.

LPG Cylinder Rate Hiked By Rs 50, Here’s Why?
LPG Cylinder Rate Hiked By Rs 50, Here’s Why?

In Delhi, the price of petrol was hiked by 29 paise from rs. 88.44 to Rs. 88.73 per litre, and diesel was increased by 32 paise from Rs. 78.74 per litre to Rs. 79.06 per litre, according to Indian Oil Corporation. In Mumbai, the revised petrol and diesel rates stood at rs.95.21 per litre and Rs.86.04 per litre respectively.

Non-subsidised LPG

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

Prices go up or down:

Earlier, the price of domestic gas cylinders had increased twice in December. Both times, there was an increase of Rs 50 in the price of the 14 kg cylinder. From Rs 657 per cylinder, the price had gone up to Rs 707 per cylinder in December. The price of LPG gas cylinders, depending on international fuel rates and US dollar-rupee exchange rates, the prices can go up or down.

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