Domestic LPG Cylinder Price Hiked By ₹15, Becomes Costlier By ₹205 In 2021
Subsidised and non-subsidised LPG rates were hiked by ₹43.50 per cylinder on October 1
Mumbai: The prices of Liquefied Petroleum Gas (LPG) were hiked by ₹15 per across all categories including subsidised gas on Wednesday.
Non-subsidised LPG now costs ₹899.50 per 14.2-kg cylinder in Delhi, according to a report by ANI. The new rate of 5kg cylinder is now ₹502, effective immediately.
This is the fourth straight increase in prices in less than two months. Subsidised and non-subsidised LPG rates were hiked by ₹43.50 per cylinder on October 1.
In Mumbai, a domestic cooking gas cylinder will cost you Rs 899.50 as well, whereas it is Rs. 915.50 in Chennai. Meanwhile, an LPG cylinder will be available at Rs 926 in Kolkata, the highest among the metro cities in India.
The government policy provides for the supply of 12 cylinders of 14.2-kg each per household at subsidised or below-market rates. Any quantity over this had to be bought at market price or non-subsidised rates.
The price of an LPG gas cylinder is calculated based on the import parity price (IPP). The IPP is based on the LPG price in the international market given that a country imports the fuel. On top of that, there are in-country prices such as GST, excise duty, freight charges.
The price for domestic cooking gas is reset every month in India on this basis. LPG cylinder prices change from one state to another depending on the state-wise taxes, much like petrol and diesel.
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