LPG price increased by Rs 144.5 per cylinder; steepest hike since 2014

NEW DELHI: LPG cylinders will cost more from today. State-run oil marketing companies sharply hiked the price of non-subsidized liquefied petroleum gas (LPG) cylinders due to spurt in benchmark global rates of the fuel.

But to insulate domestic users, the government doubled the subsidy on the fuel to keep per cylinder outgo the same, according to media reports.

The hike will affect LPG cylinder rates all over the country.

This is the most expensive hike in rate since January 2014 when prices had gone up by Rs.220 per cylinder to Rs.1,241 by state-owned oil farms.

According to Indian Oil corporation, that supplies 30 lakh Indane cylinders daily all over India, a 14.2 kg non-subsidized LPG cylinder prices were hiked by Rs 149 to Rs 896 in Kolkata, in Mumbai by Rs 145 to Rs 829.5 and in Chennai by Rs 147 to Rs 881 and at Rs 858.5 in New Delhi, a sharp hike of Rs 144.5 from its last revision on 1st January. For a fact, Indane is delivered to the doorsteps of 11 crore households.

Normally, LPG rates are revised on the 1st of every month but this time it took almost 2 weeks for the revision to take place – an occurrence which industry officials said was due to approvals needed for such a big jump in subsidy outgo.

To increase coverage of environment-friendly fuel in kitchens, the government gave out 8 crores free LPG connections to poor women under Pradhan Mantri Ujjwala Yojana (PMUY).

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