LPG turns dearer
Govt hikes LPG price by Rs50; rates up by Rs244 in 1 yr; LPG cylinder rate rises for 3rd time since May on surging global energy prices
image for illustrative purpose
Burning A Hole In Pockets
- 14.2kg cylinder price rises to Rs1,053 from Rs1,003
- Earlier, price hiked by Rs50 twice on March 22& May7
- Govt restricts Rs200 subsidy per cylinder to only 9 cr poor women and Ujjwala scheme beneficiaries
New Delhi: Cooking gas LPG price on Wednesday was hiked by Rs50 per cylinder, the third increase in rates since May on firming international energy prices. Non-subsidised LPG now costs Rs1,053 per 14.2-kg cylinder in the national capital, up from Rs1,003 previously, according to a price notification of state-owned fuel retailers.
Common households pay non-subsidised rates for the cooking gas they buy, after the government restricted subsidy to just poor beneficiaries who got connections under the Ujjwala scheme. This is the third increase in the LPG rate since May and the fourth this year. The price was hiked by Rs50 per cylinder on March 22 and again by the same quantum on May 7. Rates went up by Rs3.50 per cylinder on May 19. Prices have gone up by Rs244 per cylinder since June 2021. Of this, Rs153.50 increase happened since March 2022. Petrol and diesel prices, however, continue to be on freeze for the third straight month. The pause followed rates being hiked by a record Rs10 per litre in a matter of 16 days beginning March 22. In May, the government cut excise duty on petrol by Rs 8 per litre and diesel by Rs6 per litre to cool soaring inflation.
At that time, the government also stated that Rs200 per cylinder subsidy on cooking gas will be limited to only 9 crore poor women and other beneficiaries who got free connections under the Ujjwala scheme and the remaining users including households will pay the market price (also known as non-subsidised rate).
