The Indian government has initiated another price hike for the liquefied petroleum gas (LPG) on Saturday, May 7. In line with the international price hike, in India, the LPG price was raised by Rs. 50 per cylinder. From today the 14.2-kg non-subsidized domestic gas cylinder will be priced at Rs. 999.50 per cylinder.
Earlier, On March 22, the domestic LPG price was hiked by Rs. 50.
However, common citizens are not happy with this move by the government. Already the headline inflation in the country is spiking sharply, due to the crude oil price gain in the global markets. Now, this price hike in LPG will fuel the inflation rate, even more, troubling the common people.
Apart from domestic LPG, the rate of commercial LPG cylinders was also raised recently, on May 1, by around Rs. 102 to Rs. 2355.50.