LPG Gas Cylinder Becomes Costlier From Today

New Delhi: The hiked price of domestic cooking cylinders comes into effect from today. As per state-owned oil marketing companies, Liquefied Petroleum Gas cylinders used in households will go through a price hike of Rs 50. After the latest hike, domestic LPG cylinders will cost Rs 1,053 in Delhi, up by Rs 50, from the earlier Rs 1,003 per cylinder.

In Mumbai, a cylinder will now cost Rs 1,052.50 and in Kolkata, Rs 1,079. On the other hand, Chennai residents will have to pay Rs 1,068.50 for one cylinder, News18 reported.

The domestic 5kg cylinder price has also been hiked by Rs 18 per cylinder, while 19kg commercial cylinder prices have been decreased by Rs 8.50, as per the notification of the state-owned oil marketing companies.

Over the past year, the rate of 14.2 kg domestic LPG cylinders in Delhi has increased from Rs 834.50 to Rs 1,003. Domestic LPG cylinder price was last increased by Rs 4 on May 19, 2022. Before that, the rate was Rs 999.50 per cylinder from May 7. On that day, the LPG cylinder had become costlier by Rs 50 as against the rate of Rs 949.50 on March 22, 2022. Further, on March 22 also, there was a hike of Rs 50 in the price of the cylinder. Earlier, between October 2021 and February 2022, the rates of domestic LPG cylinders stood at Rs 899.50 in Delhi.

The latest domestic LPG cylinder price hike comes days after commercial LPG cylinder prices were slashed by Rs 198 in Delhi, the second such price cut in a month. On June 1, the price of a 19-kg commercial cylinder was reduced to Rs 2,021 in Delhi, while the same it declined by Rs 190.50 in Mumbai and Rs 187 in Chennai.

LPG cylinder prices vary from state to state depending on the VAT and transportation costs of the region. It is also calculated on the basis of the prices of crude oil. Retailers revise LPG cylinder prices at the beginning of each month keeping in line with global crude oil prices.

Finance Minister Nirmala Sitharaman had in May stated that Ujjwala scheme beneficiaries will get Rs 200 per cylinder subsidy 12 times in a year to help ease some of the burden arising from cooking gas rates rising to record levels. The LPG cylinder price hike also comes at a time when the common man is already reeling under inflationary pressure.

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