LPG cylinder prices costlier from July 2021, Check the latest rates.
Welcome back to our informative blog site knowing steps360 with a new IMP News. Oil Marketing Company today increased the price of liquified petroleum gas (LPG) cylinders. Price of domestic LPG cylinder with subsidy increased by 25.50 rs per cylinder with effect from today. A domestic cylinder weighing 14.2 kg will now cost 834.50 Rupees in Delhi. The price of a 19 kg cylinder has also been increased by 76 Rs and will cost 1,550 Rupees in Delhi, according to news agency ANI, quoting sources.
After the increase now the cooking gas in Mumbai and Delhi will be available for 834.5 rs per 14.2 kg cylinder as compared to 809 Rs per 14.2kg cylinder earlier.
Based on the international benchmark rate of LPG and the exchange rate of US dollar and rupee, LPG cylinder rates are revised at the beginning of each month.
Latest LPG cylinder rates July (Indane - non-subsidized 14.2 kg):
Delhi -- Rs 834.50
Kolkata -- Rs 861
Mumbai -- Rs 834.50
Chennai -- Rs 850.50
The increase is applicable across all categories, including subsidized and non-subsidized users.
LPG is available only at one rate, market price, across the country. The government, however, gives a small subsidy to select customers.
LPG Cylinders Price High From Last 2 Years
However, this subsidy has been eliminated in metros and major cities through successive price increases over the past couple of years. So, in places like Delhi, there is no subsidy paid to customers since May 2020 and all LPG users pay the market price, which currently is Rs 834.50.
An oil company official said a small subsidy is paid to customers in remote and far-flung areas to make up for the higher price arising from freight charges.
"The price of 19 kg cylinder has also been increased by 76 rupees and will cost 1,550 rupees in Delhi," sources added.
Global LPG Gas Cylinders Also Price Hike
Meanwhile, International oil prices have climbed in recent weeks on optimism of a quick recovery in fuel demand. Brent crude soared past the $75 per barrel mark, the first time since April 2019.
However, the oil marketing companies had reduced the price of commercial LPG cylinders by over 100 rupees on June 1.
The last revision in the prices of LPG cylinders came in April when the rate of a cylinder was cut by 10 rs. Previously, LPG cylinder prices were increased in February and March.
How Much Increased In this Year 2021
At the beginning of 2021, the price of an LPG cylinder in Delhi was 694 Rs. The price was first increased to 719 Rupees per cylinder in February. Further, on February 15, the price was increased to 769 Rupees.
Meanwhile, on February 25, the price of the LPG cylinder was reduced to 794 Rs. In March, the price of the LPG cylinder shot up to 819 Rupees. And finally, after the reduction of 10 Rs in early April, the price of domestic LPG in Delhi had gone up to 809 rs. But with the recent hike, the prices of LPG cylinders have increased by 140.50 Rs in 2021.
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