LPG price hiked by Rs 144.5 per cylinder, The government has almost doubled the subsidy to insulate domestic users, Non-Subsidised LPG Becomes More Expensive. Cooking gas LPG price was hiked by a steep 144.5 per cylinder on Wednesday due to spurt in benchmark global rates of the fuel.
According to Indian Oil website, which supplies 30 lakh Indane cylinders daily all over India, a 14.2 kg non-subsidised LPG cylinder is now priced at ₹858.5 in New Delhi, a sharp hike of 144.5 from its last revision on 1st January. In Kolkata, LPG cylinder prices were hiked by 149 to 896, in Mumbai by 145 to 829.5 and in Chennai by 147 to 881. Indane is delivered to the doorsteps of 11 crore households.
Indane Gas, which delivers cylinders to 11 crore households in India, also revises the price of LPGs every month, depending on the foreign exchange rate and the international benchmark rate of the fuel. However, these changes are effected on the 1st of every month usually and not towards the middle.
The amount of subsidy provided by the government on the quota of 12 cylinders per year varies from month to month. Factors such as changes in the average international benchmark LPG prices and foreign exchange rates determine the amount of subsidy.