LPG refill price hiked by 25, now up 100 in just February

3 months ago 11

NEW DELHI: Household cooking gas became costlier by Rs 25 on Thursday, marking the third

increase

this month, taking the total increase to Rs 100 per cylinder.
The increase comes on a day benchmark

Brent

crude hit a 13-month high at $67.70 and global

LPG

(liquefied petroleum gas) has spiked on higher demand due to the recent cold wave that swept across the

United States

and Europe.
Cooking gas prices have been rising since December. Rates have cumulatively gone up by Rs 150 per refill since then. After the latest increase, a 14.2-kg domestic cylinder in Delhi now costs Rs 794 against Rs 769 earlier.
Consumers have to pay the market price and the government is supposed to give

subsidy

to domestic consumers covered under the subsidy But the subsidy was erased in metros and major cities through successive price increases over the past couple of years. So in Delhi, for example, consumers have been paying the market price without subsidy support.
Executives at state-run fuel retailers said that a small subsidy is paid to customers in remote and far-flung areas to compensate for higher freight charges.
LPG prices were increased this month first by Rs 25 per cylinder on February 4 and by Rs 50 on February 15.

Read Entire Article