Liquefied Petroleum Gas (LPG) has become costlier. The price of domestic non-subsidised LPG has been increased by 25%. This was the second consecutive month that oil companies increased the price of LPG. After the latest hike, the 14.2 kg domestic cylinder will now cost Rs 859.50 per piece in the national capital. In Mumbai, a non-subsidized lpg cylinder Now its price will also be Rs 859.50. A person has to pay Rs 886.5 for a cylinder in Calcutta, which is the highest among the four metropolitan cities. The price of LPG cylinder in Chennai will be Rs 875.50. The new prices of LPG cylinders will be effective from August 17.
price of a domestic gas cylinder The last hike was done on July 1. The cost of a domestic cylinder was Rs 834 in July. How much has the price of LPG cylinder increased between January 1 and August 17? ₹165 each. The prices of 19 kg commercial LPG cylinders were hiked on August 1. However, the price of LPG domestic LPG remains unchanged then.
LPG cylinder price varies from state to state due to local taxes. However, the central government provides a small subsidy to select customers to make up for the higher price arising from freight charges. Each family is eligible for 12 cylinders per year under the government-subsidized scheme. The amount of subsidy given by the government varies from month to month.
As per the data provided by the Ministry of Petroleum and Natural Gas, there has been a steady increase in active domestic customers across India. As on July 1, 2021, there are 29.11 crore active domestic LPG consumers including PMUY customers. There were 26.54 crore customers in the country in 2018-19.
LPG, as well as ATF prices, are revised at the beginning of every month based on the average international rate for the benchmark fuel and foreign exchange rate in the previous month.
Petrol and diesel prices in the country are at all-time high. One liter of petrol is being sold in Delhi for Rs.101.84. However, the price has remained unchanged since the beginning of July. In Mumbai, petrol prices remained unchanged at Rs 107.83 per liter, the highest among the four metro cities. In Kolkata, people have to pay Rs 102.08 for a liter of petrol. The Tamil Nadu government has recently reduced the cess on petrol. After the cut in prices, the price of petrol in Chennai came down below Rs 100. In the southern city, a liter of petrol will cost Rs 99.47.
However, on Wednesday, after a gap of 31 days, diesel prices in metros have been cut by 20 paise. In the national capital, the price of one liter of diesel has been reduced to Rs 89.67 per litre.
Oil prices rose on Wednesday after four days of decline in the international market. Brent crude was down 5 cents, or 0.1 per cent, at $68.98 a barrel by 0139 GMT, up 0.7 per cent on Tuesday. US oil fell 6 cents, or 0.1 per cent, to $66.53 a barrel after falling 1 per cent in the previous session. In the United States, more supplies are set to hit the market if official forecasts prove to be correct.
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