Non-subsidised LPG cylinder to cost Rs 849
The price of LPG cylinders in the country depends on two things. The first is the international benchmark rate of LPG and the second is the exchange rate of US dollar and rupee.
PUNE: The Central government’s decision to increase the prices of cooking gas by about Rs 150 has shaken the monthly budget of every household. The price of LPG cylinder without subsidy has increased by Rs 150 from Wednesday.
According to the Indian Oil Corporation Limited’s (IOCL) website, the price of 14-kg Indane gas cylinder has increased by Rs 145 in Mumbai reaching Rs 829.50 and in Pune, it has reached Rs 849. This has been the highest hike in LPG cylinder prices in the last five years.
There was no change in the prices of non-subsidised LPG cylinders since January 1, 2020. The fuel retailers fix LPG cylinder prices every month. Significantly, Indian Oil supplies three million Indane gas cylinders per day across the country.
Similarly, the Hindustan Petroleum Corporation Limited supplies more than 2.5 million gas cylinders per day.
The price of LPG cylinders in the country depends on two things. The first is the international benchmark rate of LPG and the second is the exchange rate of US dollar and rupee. Fuel retailers sell LPG cylinders at the market price, however, the government provides subsidy directly to each family for 12 cylinders every year.
“This is the biggest hike in LPG prices in the last five years. The budget of my house is shaken as we have to adjust our monthly expenses. The government should think about the common people, especially, the middle-class income group. We, the middle-class group, have to adjust everything every time,” said Jyoti Patil from Warje.