For Quick Alerts
For Daily Alerts

LPG Cylinder Rates Hiked Again After Govt Increases Dealer Commission


Prices of domestically used subsidized LPG cylinders were raised by over Rs 2 after the government increased dealer commission, reported PTI. Following the order issued by the oil ministry, a 14.2 kg subsidized LPG cylinder will now cost Rs 507.42 instead of Rs 505.34 in Delhi, as per a notification on a state-owned oil marketer's website. In Mumbai, a 14.2 kg subsidized LPG cylinder now costs Rs 505.05 while in Kolkata it is priced at Rs 510.70 and Rs 495.39 in Chennai.

LPG Cylinder Rates Hiked Again After Govt Increases Dealer Commission

"Pending finalisation of De-Novo Study for revision of LPG distributors' commission and taking into consideration the increase in transportation costs, wages etc, it has been decided to revise the distributors' commission to Rs 50.58 per 14.2 kg cylinder and Rs 25.29 per 5 kg cylinder as an interim measure," the order from the Oil Ministry said. The last fixed commission was at Rs 48.89 and Rs 24.20 for a 14.2-kg cylinder and 5-kg cylinder, respectively, in September 2017.

LPG cylinder rates are revised on the first day of every month. This is the second increase in the current month, the earlier one being on November 1, when prices went up by Rs 2.94 per cylinder because of tax component on the base price. Since June rates have gone up every month because of the GST paid on higher base price and cumulatively prices have risen by Rs 16.21. Rates differ from state to state depending on local taxes and transportation cost.

Read more about: lpg
Story first published: Friday, November 9, 2018, 16:29 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more