LPG Cylinder Price Hiked Again for Second Straight Month – Check Latest Rates

LPG Cylinder Price Hiked Again for Second Straight Month – Check Latest Rates

Liquified Petroleum Gas (LPG) has become costlier. The price of domestic non-subsidised cooking gas has been increased by 25. This was the second straight month when oil companies raised the price of cooking gas. After the latest hike, a 14.2 kilogram domestic cylinder would now cost Rs 859.50 a piece in the national capital. In Mumbai, a non-subsidised LPG cylinder will now cost Rs 859.50 as well. An Individual has to pay Rs 886.5 for a cylinder in Calcutta, highest among the four metros. In Chennai, cooking gas cylinder will cost Rs 875.50. The new LPG cylinder price rates will be effective from August 17.

The price of a domestic gas cylinder was last hiked on July 1. A domestic cylinder cost Rs 834 in July. Between January 1 and August 17, the price of cooking gas cylinders has been risen by ₹165 each. On August 1, the prices of the 19-kg commercial LPG cylinders were hiked. However, the price of LPG domestic cooking gas has remained unchanged then.

LPG cylinders price vary from one state to another, due to local taxes. The central government, however, provides a small subsidy to select customers to make up for the higher price arising from freight charges. Each household is eligible for 12 cylinders per year under the government-subsidy scheme. The amount of the subsidy provided by the government varies from month to month.

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There has been a consistent increase in the active domestic customers across India, according to the data provided by ministry of petroleum and natural gas. As of July 1, 2021, there are 29.11 crore active domestic LPG consumers, including the PMUY customers. In 2018-19, the country had 26.54 crore customers.

LPG, as well as ATF prices, are revised at the beginning of every month based on the average international rate for benchmark fuel and foreign exchange rate in the preceding month.

Petrol and diesel prices in the country are at all-time high. A litre of petrol is being sold at Rs 101.84 in Delhi. However, the price has remained unchanged from early July. In Mumbai, the petrol prices stood unchanged at ₹ 107.83 per litre, highest among the four metro cities. People have to shell Rs 102.08 for a litre of petrol in Kolkata. Tamil Nadu government has recently reduced the cess in petrol. After the price cut, petrol price dropped below Rs 100 in Chennai. A litle of petrol would cost Rs 99.47 in the southern city.

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However, the diesel prices have been cut by 20 paise across the metros after a gap of 31 days on Wednesday. A litre of diesel were cut to ₹ 89.67 per litre in the national capital.

In the international market, oil prices steadied on Wednesday, after four days of declines. Brent crude was down 5 cents or 0.1 per cent at $68.98 a barrel by 0139 GMT, against 0.7 per cent on Tuesday. US oil lost 6 cents or 0.1 per cent to $66.53 a barrel after dropping 1 per cent in the previous session. In the United States, more supply is set to hit the market if official forecasts prove right.

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