LPG price increased by Rs 15; domestic cylinder to cost Rs 952 in Hyderabad

This is the fourth straight increase in rates in less than two months. Petrol price was also increased by 26-30 paisa per liter and diesel by 34-37 paisa a liter across the country.

Center on September 1 hiked the LPG price by Rs 25 per cylinder. Since January 1, 2021, the price of domestic LPG has increased by Rs 206. On January 1, the cost of domestic LPG was Rs 746.50.

On the first day of every month, Oil Marketing Companies (OMCs) announce new rates for cooking gas cylinders. In February this year, the government increased the price by Rs 75, in March Rs 50, in April Rs 15, July again Rs 15, August Rs 25, and September Rs 25. . In November 2020, the price of domestic cooking gas was Rs 646.50.

The price of the commercial cylinder of 19kg has also been increased by Rs 15. The cylinder will not cost 1887.82 from Rs 1,872.82.

The LPG rate across the country is the same. However, the government gives some subsidies to people who are economically weak. This subsidy facility is not applicable in metros and major cities.

The price of the LPG gas cylinder is decided by the state-run oil companies and fluctuation in the rates at the international level. Currently, in India, there are over Rs 30 crore LPG gas cylinder connections.

The government provides 12 subsidized LPG cylinders of 14.2 kilograms to a household every year. The amount of the subsidy provided by the government on the annual quota of 12 refills varies from month to month.

Cooking gas rates vary in different parts of the country due to local taxes. Usually, the prices of the non-subsidized LPG cylinders are revised on a monthly basis and any changes are implemented on the first day of each month.

The hike comes at a time when petrol and diesel prices are already touching an all-time high where it has crossed Rs 100 in several parts of the country.