Business & Finance

Domestic Gas LPG Price Hiked By Rs 25 Per Cylinder

After rates were hiked by ₹25.50 per cylinder on July 1, this is the second straight month of a price increase.

In the second straight month of increase in rates, domestic cooking gas LPG price was increased by ₹25 per cylinder on Wednesday.

According to a price notification of oil companies, subsidised LPG now costs ₹859 per 14.2-kg cylinder in Delhi.

After rates were hiked by ₹25.50 per cylinder on July 1, this is the second straight month of a price increase.

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

However, there is hardly any gap in the rate of subsidised and non-subsidised cooking gas.

Cumulative rate hike since January 1, after the latest increase in subsidised LPG price, has reached to ₹165 per cylinder.

In the last seven years, the price of domestic cooking gas has more than doubled. On March 1, 2014, the retail selling price of domestic gas was ₹410.5 per 14.2-kg cylinder.

A 14.2 kg LPG cylinder in Mumbai now costs ₹859.5, while in Kolkata, it is priced at ₹886. In Chennai, an LPG cylinder will now cost ₹875.50, up from ₹850.50.

 

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