LPG cylinder price hike: prices of home cooking cylinder The hike has been made nationwide from Wednesday, July 6. latest LPG price hike has come into force with immediate effect. According to state-owned oil marketing companies, the price of liquefied petroleum gas cylinders used in domestic households will start from Rs 50 per day. After the latest hike, the domestic LPG cylinder price in Delhi will be Rs 1,053, which is Rs 50 more than the earlier Rs 1,003 per cylinder.
Meanwhile, after today domestic cooking gas cylinder price Now a cylinder will cost Rs 1,052.50 in Mumbai, Rs 1,079 in Kolkata. At the same time, Chennai residents will have to pay Rs 1,068.50 for a cylinder.
According to the notification of state-owned oil marketing companies, the price of domestic 5 kg cylinder has also been increased by Rs 18 per cylinder, while the price of 19 kg commercial cylinder has been reduced by Rs 8.50.
In the last one year, the price of 14.2 kg domestic LPG cylinder in Delhi has increased from Rs 834.50 to Rs 1,003. The price of domestic LPG cylinder was last increased by Rs 4 on 19 May 2022. Earlier from May 7, this rate was Rs 999.50 per cylinder, on that day LPG cylinder became costlier by Rs 50 against the rate of Rs 949.50. On March 22, 2022. Apart from this, on 22 March also, the price of cylinder was increased by Rs 50. Earlier, between October 2021 and February 2022, the price of domestic LPG cylinder in Delhi was Rs 899.50.
The latest domestic LPG cylinder price hike comes days after the commercial LPG cylinder prices were cut by Rs 198 in Delhi, which is the second such price cut in a month. On June 1, the price of a 19 kg commercial cylinder in Delhi has gone up to Rs 2,021, while in Mumbai it has been reduced by Rs 190.50 and in Chennai by Rs 187.
LPG cylinder prices vary from state to state depending on the region’s VAT and transportation cost. It is also calculated on the basis of crude oil prices. The retailers revise the prices of LPG cylinders at the beginning of every month keeping in view the global crude oil prices.
Rising crude oil rates globally had prompted state-owned fuel retailers to increase the prices of LPG. Latest hike in domestic cooking gas prices will help to reduce record level. The hike in LPG cylinder prices comes at a time when the common man is already under inflationary pressure.
Meanwhile, in contrast to the continuous hike in cooking gas prices, petrol and diesel prices remained unchanged for over a month on Wednesday. This comes after Nirmala Sitharaman announced reduction in excise duty on auto fuels to provide relief to the common man.
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