LPG Price Hike In India By Rs. 15, Cooking Gas Cylinder Prices Increased

Ahead of the festive season in India, the union government has again hiked the Liquefied Petroleum Gas (LPG) prices by Rs. 15. After the rate change, 5 kg cylinder will be priced at Rs. 502, whist the non-subsidized LPG now costs Rs. 899.50 / 14.2 kg cylinder in Delhi, according to ANI. The new modified prices are effective from today, on Wednesday. Additionally, Mahanagar Gas Ltd. (MGL) has already decided to increase Compressed Natural Gas (CNG) rates and domestic PNG rates by Rs. 2/kg earlier.

In the last month, oil marketing companies have raised the prices of non-subsidized LPG cylinders by Rs. 25, and earlier that on August the same had a price hike of Rs. 25, according to an IANS report. This latest hike is the fourth price increase in less than the last 2 months across the country. According to a Mint report, "The latest increase in subsidized LPG price now has taken the cumulative rate hike since January 1 to Rs. 205 per cylinder."

According to the union government's rule, common citizens can avail of 12 gas cylinders each, per household at the subsidized rate or below-market rates. However, from the 13th has cylinder the households have to pay the market price or non-subsidized rates.

In Delhi, the prices of CNG have also been hiked by Rs. 2.28 / kg and piped cooking gas supplied to households was hiked by Rs. 2.10 after the earlier 62% increase in natural gas rates. This led to a hike of Rs. 2.28 / kg in the consumer price of CNG in Delhi, Rs. 2.55 / kg hike in Noida, Greater Noida, and Ghaziabad.

An IANS report additionally mentioned, "Accordingly, the revised final, all-inclusive prices of Compressed Natural Gas used by vehicles will increase from Rs. 51.98/kg to Rs. 54.57/kg (including taxes). The rates of domestic Piped Natural Gas in and around Mumbai will increase from Rs. 30.40/SCM to Rs. 32.67/SCM (Slab 1), and Rs. 36.00/SCM to Rs. 38.27/SCM (Slab 2), respectively."