Subsidised LPG cooking gas cylinder price hiked by Rs 2

Photo of LPG cooking gas cylinder.

New Delhi: In an additional burden on the pockets of common people, the price of subsidised cooking gas (LPG) was today hiked by over Rs 2 per cylinder.

Interestingly this is the sixth increase in rates during past five months, while that of jet fuel was raised by a steep 7.3 per cent in step with global trends.

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According to state-owned oil firms, a subsidised 14.2-kg cylinder will now cost Rs 430.64 in Delhi as against Rs 428.59 previously.

On other hand, the aviation turbine fuel (ATF) price was hiked Rs 3,434.25 per kilolitre (kl), or 7.33 per cent, to Rs 50,260.63 per kl in Delhi.

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This is the second straight increase in rates, coming on the back of 3.11 per cent rise in October 1.

In case of subsidised LPG, this is the sixth increase in price since July when the government decided to go in for a small hike of up to Rs 2 per bottle every month to cut down its subsidy outgo.

LPG rates were last hiked on October 28 by Rs 1.5 per cylinder on account of hike in commission paid to dealers. In the last monthly hike, rates went up by Rs 2.03 per cylinder on October 1 to Rs 427.09.

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Prior to that rates were hiked by Rs 1.97 per cylinder on September 1, Rs 1.93 on August 16 and by Rs 1.98 per 14.2-kg cylinder on July 1.

The government had earlier this month decided to take the diesel route for eliminating subsidies on LPG and kerosene.

The near Rs 2 per cylinder hike in LPG every month is also aimed at doing the same thing.

 

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