Price Increase of LPG Cylinders: Starting on Wednesday, July 6, domestic cooking cylinder costs have increased everywhere across the nation. The most recent LPG price increase is now in effect. Liquefied petroleum gas cylinders used in domestic households will now cost an additional Rs 50, according to state-owned oil marketing companies. Domestic LPG cylinders will now cost Rs 1,053 in Delhi, an increase of Rs 50 over the previous price of Rs 1,003 per cylinder.
Following today’s increase in pricing for household LPG cylinders, a cylinder will now cost Rs 1,052.50 in Mumbai and Rs 1,079 in Kolkata. Chennai residents, on the other hand, will have to pay Rs 1,068.50 for one cylinder.
According to a notification from the state-owned oil marketing businesses, the price of household 5 kilogramme cylinders has also increased by Rs 18 per cylinder, while the price of 19 kg commercial cylinders has fallen by Rs 8.50.
14.2 kilogramme household LPG cylinders in Delhi now cost Rs 1,003 instead of Rs 834.50 as they did a year ago. On May 19, 2022, the price of domestic LPG cylinders was last raised by Rs 4. Prior to that, starting on May 7, the price per cylinder was Rs 999.50. Compared to March 22, 2022, the price of the LPG cylinder has increased by Rs 50 on that day. Furthermore, the cost of the cylinder increased by Rs 50 on March 22. Previously, between October 2021 and February 2022, Delhi’s price for a household LPG cylinder was Rs 899.50.
The most recent home LPG cylinder price increase occurs only days after Delhi’s commercial LPG cylinder rates saw a second consecutive monthly price reduction of Rs 198. A 19-kg commercial cylinder was decreased in price on June 1 from Rs 2,021 in Delhi to Rs 190.50 in Mumbai and Rs 187 in Chennai.
The cost of transportation and the VAT in each state affect the pricing of LPG cylinders. Additionally, crude oil prices are used to calculate it. Each month in the beginning, retailers adjust the price of LPG cylinders to reflect changes in the price of crude oil around the world.
State-owned fuel merchants had raised LPG prices in response to the rising prices of crude oil globally. After announcing in May that Ujjwala scheme beneficiaries would receive a Rs 200 per cylinder subsidy for 12 times a year to help lessen the burden caused by cooking gas prices reaching record highs, finance minister Nirmala Sitharaman announced the most recent increase in domestic cooking gas prices a few months later. The price increase for LPG cylinders also occurs at a time when the average person is already feeling the effects of inflation.
In contrast to the constant increases in the price of cooking gas, on Wednesday the price of gasoline and diesel stayed stable for more than a month. This comes after Nirmala Sitharaman announced a reduction in the excise rate on motor fuels to help the average person.