Cooking Gas Price Hiked by Rs1.93 Per Cylinder

New Delhi: Subsidized cooking gas (liquefied petroleum gas or LPG) price has been hiked for the second time in a span of one month. The price rose by Rs 1.93 per cylinder as the government looked at monthly increases to cut down subsidies.

A subsidized 14.2-kg cylinder will now cost Rs.423.09 in Delhi as against Rs.421.16 previously, according to state-owned oil firms. This is the second straight monthly increase in subsidized cooking gas.

In Hyderabad, 14.2 kg LPG gas cylinder price is Rs 448.50 with goverment subsidy and Rs 603.50 for unsubsidised cylinder. 19 Kg commercial LPG cylinder price cost around 1,137.00 rupees. The newly introduced 5 kg cylinder price is Rs 239.00 for non subsidised price. The price is as on 1August 2016.

In Hyderabad, 14.2 kg LPG gas cylinder price is Rs 448.50 with goverment subsidy and Rs 603.50 for unsubsidised cylinder. 19 Kg commercial LPG cylinder price cost around 1,137.00 rupees. The newly introduced 5 kg cylinder price is Rs 239.00 for non subsidised price. The price is as on 1August 2016.

LPG rates were last hiked by Rs.1.98 per 14.2-kg cylinder on 1 July. The government had recently decided to take the diesel route for eliminating subsidies on LPG and kerosene. Diesel price was deregulated in November 2014 after the previous United Progressive Alliance (UPA) government effected 50 paise hikes every month to eliminate subsidies.

The near Rs.2 per cylinder hike in LPG every month is also aimed at doing so. In case of kerosene, the government has allowed state-owned oil companies to raise the price by 25 paise a litre each month for 10 months.

The first hike in kerosene rate happened last month and the second was effected on Monday. A litre of kerosene now costs Rs.15.46 in Delhi. Simultaneously, the oil firms cut prices of non-subsidized LPG, which consumers buy after exhausting their quota of 12, by Rs.50.5 per 14.2-kg cylinder.

Non-subsidized cooking gas (LPG) now costs Rs.487 in Delhi as against Rs.537.50 per cylinder previously. Rates were last reduced by Rs.11 on 1 July. Also, aviation turbine fuel (ATF) price was cut by 4.2 percent, reversing a five month upward trend.

ATF, or jet fuel, price in Delhi was cut by Rs.2,080.5 per kilolitre (kl), or 4.2 percent to Rs.47,206.68, oil companies said. This reduction reverses five straight monthly increases in rates, last being on July 1 when prices were hiked by 5.5 percent. In the five increases, ATF rates have gone up by 25 percent or Rs.9,985.87, per kl since March.