Non-subsidised LPG cylinder rates hiked sharply across metros

LPG prices hiked by up to Rs 149 per cylinder check new rates

The steep price rise of non-subsidised cylinders, that will be effective from February 12, will make each unit dearer by up to Rs 149.

According to the data available on Indian Oil Corporation's (IOCL) official website, a 14.2 kg cylinder will now cost Rs 858.50 in Delhi, up by Rs 144.50 from the previous price of Rs 714.00. Fuel retailers usually revise prices every month.

With the increase, the subsidy burden for the government will also jump by nearly 100 per cent with Centre deciding against revising the price of the subsidised cooking gas cylinder provided to households and those receiving LPG connection under the Pradhan Mantri Ujjwala Yojana (PMUY).

LPG prices in India depend on key global factors such as worldwide oil and gas prices and the rate of the Indian rupee against the United States dollar. The domestic users are entitled to get 12 cylinders of 14.2 kg each in a year at subsidised rates. This would mean that they would receive between Rs 5-10 less per cylinder into their accounts as cash transfers from the government for buying cooking gas at market price. The prices were last increased by over Rs 19 on January 1.

LPG cylinder prices hiked by over Rs 100 across metro cities
LPG cylinder prices go up sharply, biggest hike in 6 years. Check rates here

Currently, LPG consumers in the country have to purchase the fuel at market prices.

But to insulate domestic users, the government nearly doubled the subsidy it provides on the fuel to keep per cylinder outgo nearly unchanged.

For the current year, ₹38,568.86 crore fund has been allocated in the revised estimate as fuel subsidy.



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