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Domestic LPG Rates Hiked For The First Time in 2018

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After a 16-day hike in petrol and diesel rates that ended this week, prices of LPG (Liquefied Petroleum Gas) sold for domestic purposes were raised today by the state-owned oil marketer IOC (Indian Oil Corporation Limited).

Domestic LPG Rates Hiked For The First Time in 2018
 

Rates of subsidized and non-subsidized LPG are revised at the beginning of every month. Prices in the metro cities for subsidized LPG (14.2 kgs) were raised by an average of Rs 2.39. Since January 2018, prices of cooking gas were on a downward slope. Reversing the trend the rates have been hiked for the first time in the year 2018.

Here are the prices of subsidized cooking gas in metro cities (14.2 kgs) effective from 1 June:

Metros June price in Rs May price in Rs Difference in Rs
Delhi 493.55 491.21 2.34
Kolkata 496.65 494.23 2.42
Mumbai 491.31 488.94 2.37
Chennai 481.84 479.42 2.42

Households in India are allowed a maximum of 12 subsidized cylinders per year. Beyond this, consumers will have have to pay the full price. Rates of the full-priced cylinders were raised by an average of Rs 49 per cylinder (14.2 kgs) in metro cities of Delhi, Mumbai, Chennai and Kolkata.

The non-subsidized prices of LPG (14.2 kgs) in metro cities, effective from 1 June are:

Metros June price in Rs May price in Rs Difference in Rs
Delhi 698.5 650.5 48
Kolkata 723.5 674 49.5
Mumbai 671.5 623 48.5
Chennai 712.5 663 49.5

Apart from these, 19 kg LPG cylinders will cost consumers Rs 77.75 extra on an average in metro cities:

Metros June price in Rs May price in Rs Difference in Rs
Delhi 1244.5 1167.5 77
Kolkata 1291 1212 79
Mumbai 1196 1119 77
Chennai 1334 1256 78

Through Pradhandhan Mantri Ujjwala Yojana, the present government has been enrolling new customers to access cooking gas at a faster pace. As of March, 80 percent of Indian households had access to LPG connections for domestic use.

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