The rise in the price of fresh LPG cylinders comes at a time when gasoline and diesel prices are close to record highs. This could result in increased inflationary pressure during the ongoing recession.
The price of unstained cooking gas was increased by Rs 50 per cylinder in December.
The price of domestic cooking gas or liquefied petroleum gas (LPG) was increased in December following the rise in global energy prices. The price of a 14.2 kg LPG cylinder for domestic use has been increased by Rs 50 since 15 December.
With the new increase, an unsubsidized LPG cylinder will now cost Rs 644 in Delhi, according to the Indian Oil Corporation (IOC). In addition, the price of a five kilo short cylinder has been increased by Rs 18 and the price of a 19 kg LPG cylinder has now been increased by Rs 36.50.
A 14.2kg unsubsidized LPG cylinder will now cost Rs 670.50 in Calcutta, Rs 644 in Mumbai and Rs 660 in Chennai. Prior to the excursion, the fare in Delhi was Rs 594, Rs 620.50 in Calcutta, Rs 594 in Mumbai and Rs 610 in Chennai.
Meanwhile, the price of a commercial cylinder has been raised by Rs 54.50. After the new excursion, a commercial cylinder in Delhi now costs Rs 1,296.
The new rise in LPG cylinder prices comes at a time when gasoline and diesel prices are close to record highs. This could lead to increased inflationary pressure during the ongoing recession.
It may be noted that fuel retailers or state oil companies review LPG cylinder prices based on international crude oil prices and the US dollar and rupee exchange rate. Rates are reviewed on a monthly basis.
Read also | LPG cylinder: increase in the price of liquefied petroleum gas from December 2020