Cooking gas prices hiked by over Rs 25 after fresh revision

Mangalore Today News Network

New Delhi, July 01, 2021: The price of domestic cooking gas or liquefied petroleum gas (LPG) has been hiked by Rs 25.50 per cylinder with effect from July 1. As per the new prices, a 14.2 kg cylinder will cost Rs 834.50 in Delhi and Mumbai as opposed to the earlier price of Rs 809. In Chennai, the price is now Rs 850.5 for a cylinder. In Kolkata, the rate is Rs 835.5.

 

With the revised rates for this month, LPG cylinder (14.2 kg) prices have risen by Rs 140 in the last six months.

Meanwhile, the price of the 19 kg cylinder has been increased by Rs 76 and will now cost Rs 1,550 in Delhi, according to sources.

Based on the international benchmark rate of LPG and the exchange rate between US dollar and rupee, LPG cylinder rates are revised by oil marketing companies at the beginning of every month.

The rise in prices is applicable for both subsidised and non-subsidised users. The government provides twelve 14.2 kg cylinders at subsidised rates to each household every year. Any additional purchase has to be paid for by customers at the market price.

This increase in LPG prices comes against the backdrop of high petrol and diesel rates across India. In Mumbai, petrol price has already crosses Rs 100.In the international arena, oil prices have risen in recent weeks on account of optimism over a quick recovery in fuel demand.

Courtesy:India Today