LPG PRICES HIKED BY `25 TO `859

New Delhi: Domestic cooking gas LPG price on Wednesday was hiked by

`25 per cylinder — the second straight month of increase in rates. Subsidised LPG now costs

`859 per 14.2-kg cylinder in Delhi.

New Delhi, Aug. 18: Domestic cooking gas LPG price on Wednesday was increased by `25 per cylinder the second straight month of increase in rates.

Subsidised LPG now costs `859 per 14.2-kg cylinder in Delhi, according to a price notification of oil companies.

This is the second straight month of a price increase. Rates were hiked by `25.50 per cylinder on July 1.

Non-subsidised LPG rates were increased on August 1 by the same proportion, and now the subsidised cooking gas prices have been raised.

There is hardly any difference in the rate of subsidised and non-subsidised cooking gas. Industry sources said the subsidised LPG price was not raised on August 1 because Parliament was in session and the government could have been attacked by the opposition.

The latest increase in subsidised LPG price now has taken the cumulative rate hike since January 1 to `165 per cylinder.

The government eliminated subsidies on LPG by raising rates every month. These monthly increases led to the elimination of subsidies by May 2020.

The price of domestic cooking gas has more than doubled in the last seven years. The retail selling price of domestic gas was `410.5 per 14.2-kg cylinder on March 1, 2014.

In Mumbai, a 14.2 kg LPG cylinder now costs `859.5, while in Kolkata, it is priced at `886. For people of Chennai, an LPG cylinder will now cost `875.50, up from `850.50.