LPG price hiked by Rs 25, now costs Rs 819 per cylinder in Delhi. Check details
After the latest price hike, a 14.2 kilogram domestic LPG cylinder will cost Rs 819 in Delhi, up from Rs 794. The price of cooking gas cylinder has been hiked equally in other parts of the country. Here is all you need to know:
The price of domestic cooking gas or liquified petroleum gas (LPG) has been hiked by Rs 25 per cylinder from Monday. After the latest price hike, a 14.2 kilogram domestic LPG cylinder will cost Rs 819 in Delhi, up from Rs 794.
The price of cooking gas cylinder has been hiked equally in other parts of the country. In Kolkata, it is now retailing at Rs 845, which is the highest rate amongst all metro cities. A domestic LPG cylinder costs in Mumbai now costs Rs 819, while it has gone up to Rs 835 per cylinder in Chennai.
Similarly, the price of a 19-kilogram commercial LPG cylinder has been hiked by Rs 95 to Rs 1,614 per cylinder.
The price revision comes on March 1 as LPG rates are revised on the first day of every month.
Domestic LPG price hiked by Rs 225 since December
It may be noted that the last LPG price hike came less than a week ago when it was increased by Rs 25 last Thursday.
In February, the price of domestic LPG was hiked by Rs 100 in a total of three revisions. It was first increased on February 4 by Rs 25, then by Rs 50 on February 14 and on February 25 by Rs 25.
A similar pattern was observed in December when state-run oil companies hiked LPG by Rs 100 in two hikes due to a rise in international crude oil prices. LPG price was left untouched in January but it was sharply hiked again in the month of February.
Therefore, domestic LPG price has been hiked by Rs 225 per cylinder — (Rs 100 in December, Rs 100 in February and Rs 25 in March) — since December.
The sharp hike in LPG price comes at a time when petrol and diesel rates across the country have touched record highs.
Several economists and political leaders have warned that such a sharp rise in energy costs may put immense pressure on India’s poorer and middle class. It will also have a cascading effect on several other sectors, ultimately impacting the consumer.
While India managed to escape the contractionary phase on Friday after the economy grew marginally in the December quarter, added inflationary pressure could spoil the recovery mood.
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