LPG Gas Price: The hike in liquefied petroleum gas (LPG), or cooking gas, for domestic consumers by Rs 60 per cylinder was done in view of the West Asia conflict-induced surge in international prices, which are weighing on public sector oil marketing companies (OMC) that have been retailing the fuel to households at a loss on a sustained basis, according to top government sources.
They also said that currently there isn’t any expectation of a hike in retail prices of petrol and diesel despite a jump in global prices, as the OMCs, Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL), are financially well-positioned in respect of these fuels. Moreover, they also assured that sufficient fuel stocks are available in the country, and consumers need not panic about supply.
LPG Gas Price: Hiked by Rs 60 per 14.2-kg Cylinder
Domestic LPG Gas price was hiked by Rs 60 per 14.2-kg cylinder on Saturday to Rs 913 in Delhi, with corresponding changes in other parts of the country; for poor households covered under the Ujjwala scheme, the effective price will be Rs 613 after accounting for the Rs 300 cash subsidy. This is the second hike in domestic LPG prices in 11 months. In addition to domestic LPG prices, commercial LPG prices were hiked by Rs 114.5 per 19-kg cylinder to Rs 1,883 in Delhi, with corresponding changes in other parts of India.
