Domestic LPG cylinder price: Starting from Wednesday, you have to shell more for cooking gas. The price of Liquefied Petroleum Gas (LPG) has been hiked again by Rs 15. Cooking gas and auto fuel has been on a sharp hike this year. This was the fourth straight increase in LPG cylinder price in less than two months. The price of a domestic cooking gas cylinder has been surged by Rs 205, since January 1.
With the latest increase, the price of a 14.5 kg cylinder in Delhi will cost Rs 899.50. In Mumbai, a domestic cooking gas cylinder will cost you Rs 899.50 as well. An LPG cylinder will be available at Rs 926 in Kolkata, the highest among the metro cities in India. In Chennai, a 14.5 kg cooking gas will be priced at Rs 915.50. The state-run oil mammoths – Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation – announced that these prices will take effect from October 6.
In September, oil marketing companies have raised the prices of non-subsidized LPG cylinders by Rs 25. Prior to that, the previous hike was Rs 25 on August 18, as per the IANS report.
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. Saudi Aramco’s LPG price, includes the FOB (free on board) price, ocean freight, insurance, customs duties, port dues, and so on. Then the price is being converted to Rupees. 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.
There are around 1.60 million (16 lakhs) PNG consumers and over 800,000 CNG customers in and around Mumbai, according to IANS report.
CNG price in the national capital was also increased by Rs 2.28 per kg and piped cooking gas supplied to households by Rs 2.10 following a 62 percent hike in natural gas prices. This revision in prices resulted in an increase of Rs 2.28 per kg in the consumer price of CNG in Delhi, and Rs 2.55 per kg in Noida, Greater Noida, and Ghaziabad. The new consumer price of Rs 47.48 per kg in Delhi and Rs 53.45 per kg in Noida, Greater Noida, and Ghaziabad were effective from 6.00 am on October 2, 2021.
