Starting today, the 14.2 kg domestic cylinders can now be purchased for Rs 834.50 in Delhi and Mumbai as well
From Thursday, 1 July, the prices of Liquified Petroleum Gas (LPG) have been increased by Rs 25.50. This hike comes after the LPG prices remained unchanged in the month of June.
Starting today, the 14.2 kg domestic cylinders can now be purchased for Rs 834.50 in Delhi and Mumbai as well. The price of a domestic cylinder weighing 14.2 kg in Chennai is Rs 850.50 while a cylinder is going to sell for Rs 835.50 in Kolkata.
In Ahmedabad, the cylinder costs Rs 841.50 while in Lucknow, it is going to be priced at Rs 872.50 per cylinder.
Along with the 14.2 kg of cylinder, the price of 19 kg cylinder has also increased by Rs 76. The price rise which will be implemented from today has increased the price of 19 kg cylinder to Rs 1,550 in Delhi.
The increase in the LPG price is applicable for both subsidised and non-subsidised cylinders.
Mint reports that a small subsidy is provided to those people who live in far-flung areas to cover the freight charges, said an oil company official.
According to a report in Moneycontrol, the LPG prices were revised thrice in February. There was an increase of Rs 25 on 4 February, another hike of Rs 50 on 15 February, and a third increase of Rs 25 on 25 February. On 1 March, another Rs 25 hike was declared.
However, after multiple price hikes, the rate of LPG cylinders was decreased by Rs 10 on 1 April.
The rates of LPG are revised based on the international benchmark rate of LPG and the exchange rate of rupee and US dollar.