NEW DELHI, Mar 1:
Cooking gas LPG price today was hiked by Rs 50 per cylinder — the first increase in rates in almost eight months — that came within days of end of polling in three northeastern States and was sharply criticised by the Opposition.
A 14.2-kg LPG cylinder in Delhi now costs Rs 1,103, up from Rs 1,053, according to a price notification of state-owned fuel retailers.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) said Rs 1,103 was the rate for a 14.2-kg non-subsidised LPG cylinder.
The Government doesn’t pay any subsidy to most non-Ujjwala users and this is the rate that they will have to pay for buying cooking gas refills.
The Government pays Rs 200 per cylinder subsidy to the 9.58 crore poor who got free LPG connection under the Pradhan Mantri Ujjwala Yojana. The effective price for them would be Rs 903 per cylinder.
State-owned fuel retailers are supposed to revise rates on a monthly basis in line with cost but they have not done so since 2020 and were in October last year given a one-time grant of Rs 22,000 crore to make up for losses they incurred between June 2020 and June 2022.
They last domestic LPG price was revised on July 4, 2022. (PTI)
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