GUWAHATI: Cooking gas on Saturday became costlier by ₹50 per cylinder with the second rate hike in less than two months pushing the price for about 289 million households to over ₹1,000 per 14.2 kg refill.
Notably in Guwahati, the domestic gas of 14.2 kg refill will cost Rs. 1048.50.
According to Indane price published by dealers of state-run Indian Oil Corporation (IOC), domestic liquified petroleum gas (LPG) on Saturday jumped to ₹999.50 per cylinder in Delhi. Prices of fuel vary across the country based on local levies and transportation costs. For instance, its cost in Gujarat's Navsari town is ₹1,008.50 per 14.2 kg cylinder, ₹1,026 in Ludhiana (Punjab), ₹1,015.50 in Chennai (Tamil Nadu) and ₹1,098 in Patna (Bihar).
India's cooking gas market is dominated by three state-run oil marketing companies – IOC, Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL). They had last hiked their rate by ₹50 per cylinder on March 22 to ₹949.50 in Delhi after over a year. Earlier, the domestic LPG prices were revised by ₹15 on October 6, 2021 at ₹899.50 per 14.2 kg cylinder in Delhi.
This is not the first time that cooking gas prices have skyrocketed. In January 2014 it was ₹1,241 per 14.2 kg cylinder in Delhi. Since than its rates remained volatile, but since May 1, 2020 (at ₹581.5 per cylinder) it prices moved up in an unilinear direction barring a minor ₹10 per cylinder price reduction in April 2021, according to official data.
According to a statement of the petroleum ministry issued last year, as on January 1, 2021, total domestic LPG consumers in the country were 28.9 crore (289 million), besides, 70.75 lakh (7.75 million) domestic consumers were also using piped natural gas (PNG). Gas distributer in Delhi, Indraprastha Gas Limited (IGL), in mid-April increased prices of domestic PNG by ₹4.25 per unit to ₹45.86 per standard cubic meter (SCM) in Delhi.
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