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Steep hike in LPG prices
Steep hike in LPG prices, Price of non-subsidised cooking gas, LPG Gas Price. Non-subsidised LPG rates in Mumbai have been increased to Rs. 1,264.50 per cylinder from Rs. 1,038.
New Delhi: The price of non-subsidised cooking gas (LPG), which customers buy after consuming their quota of subsidised cylinders, was hiked by a steep Rs 220 per cylinder on Wednesday on firming international rates.
The subsidised LPG will also cost Rs 25 per cylinder. The 14.2-kg cooking gas cylinder that consumers buy beyond their entitled nine bottles at subsidised rates, would now cost Rs 1,241, up from Rs 1,021 in Delhi, state-owned fuel retailers said.
This is the third increase in non-subsidised LPG rates in the past month. The price was hiked by Rs 63 a cylinder to Rs 1,017.50 on December 1. It was increased by a further Rs 3.50 to Rs 1,021 on December 11, when the government raised the commission for LPG dealers and distributors. The government had in September 2012 capped the supply of subsidised domestic LPG cylinders to six per household in a year. The quota was raised to nine bottles per household in a year in January 2013. The subsidised domestic LPG consumers may have to buy their cylinders at the new rate of Rs 1241 and the difference will be credited to their bank accounts.
Any requirement above this limit has to be purchased at market rates. There is no restriction on the number of non-subsidised cylinders that a consumer can buy.
State-owned oil companies revise rates of non-subsidised LPG on the 1st of every month, based on the average imported cost and rupee-US dollar rate during the previous month.
A subsidised, 14.2-kg cylinder of LPG costs Rs 414 in Delhi. Officials said state-owned oil firms currently lose Rs 762.70 per cylinder on the sale of subsidised LPG.
Non-subsidised LPG rates in Mumbai have been increased to Rs. 1,264.50 per cylinder from Rs. 1,038.
International LPG rates have firmed up due to increased winter heating demand, they said. The subsidised domestic LPG consumers may have to buy their cylinders at the new rate of Rs 1,326 and the difference will be credited to their bank accounts.
New prices in city
The revised prices of the cylinders in Hyderabad are as follows: The price of subsidised cylinder has gone up by Rs 25. In effect, the price is now Rs 444 as against the earlier Rs 419. At the same time, the non-subsidised cylinder price has gone up by Rs 217. Now, the non-subsidised gas cylinder costs Rs 1,326 as against the earlier price of Rs. 1,109.
