LPG Cylinder Price Hike: The cost of domestic LPG cylinder has been hiked by Rs 50. in Delhi, Mumbai, and other cities, the first hike since October 6, 2021. In the national capital, the rate of a 14.2 kg non-subisdized domestic LPG cylinder has increased from Rs 899.50 to Rs 949.5 according to the announcement made by OMCs.
With the latest price hike, the LPG cylinder in Delhi and Mumbai will cost ₹949.50, while in Kolkata, a customer will have to pay ₹976. In Chennai, the prices have been increased to ₹965.50 and in Lucknow, it will now cost ₹987.50.
This comes after petrol and diesel rates were increased by 80 paise/litre for the first time since November 2021.
Citywise domestic LPG cylinder rates
Mumbai – Rs 949.50
Kolkata – Rs 976 from Rs 926
Chennai – Rs 965.50 from 915.50
Lucknow – Rs 987.5 from Rs 938
Patna – Rs 1039.5 from Rs 998
The 19-kg commercial cylinder now costs Rs. 2003.50. LPG Cylinder rate is revised monthly for all the states and union territories in India.
While LPG rates were last revised on October 6, petrol and diesel prices had been on a freeze since November 4 ahead of the assembly elections in states like Uttar Pradesh and Punjab.
Prices have been on a freeze since then despite the cost of raw material spiralling. International oil prices were around USD 81-82 a barrel in early November as against USD 114 now.
According to a report by PTI, Sources said a 5 kg LPG cylinder will now cost Rs. 349 while the 10 kg composite bottle will come for Rs 669.
International oil prices started rising again this year and jumped to a 13-year high of USD 140 per barrel earlier this month. Brent was trading at USD 118.59 per barrel on Tuesday.
To compound things, the Indian rupee tumbled to a record low of Rs 77 to a dollar.
India relies on overseas purchases to meet about 85 per cent of its oil requirement, making it one of the most vulnerable in Asia to higher oil prices.
The twin blows of oil prices, already up more than 60 per cent this year, and a weakening rupee may hurt the nation’s finances, upend a nascent economic recovery and fire up inflation.
