LPG PRICE HIKE: FIRING ON ALL ‘CYLINDERS’

NEW DELHI: The prices of LPG cooking gas cylinders across all categories, including subsidised gas on Wednesday were hiked by Rs25 per cylinder — the third straight increase in rates in less than two months.

Subsidised as well as non-subsidised LPG now costs Rs884.50 per 14.2-kg cylinder in Delhi, according to a price notification of oil companies.

This is the third straight increase in prices in less than two months. Subsidised and non-subsidised LPG rates were hiked by Rs25.50 per cylinder on July 1. Non-subsidised LPG rates rose by Rs25 per cylinder on August 1 and by the same proportion on August 18. 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 Rs190 per cylinder. The government policy provides for the supply of 12 cylinders of 14.2-kg each per household at subsidised or below-market rates. In Mumbai, a 14.2 kg LPG cylinder now costs Rs884.50 while in Kolkata, it is priced at Rs911 — the highest among the four metros.

The price of a 19-kg commercial cylinder has also been increased by Rs75, which will now cost Rs1,693 in Delhi. Meanwhile, after remaining unchanged for more than a week, petrol price was cut by 10 paise a litre diesel by 14 paise.

Petrol price in Delhi is now at Rs101.34 and in Mumbai, it is priced at Rs107.39 per litre. Diesel price in Delhi is now at Rs88.77 a litre in Mumbai at Rs96.33.