LPG Gas price hikes yet again

Non-subsidised LPG (liquefied petroleum gas) or cooking gas prices were increased with effect from January 1, 2020. That marked a fifth straight monthly hike in the prices. In Delhi and Mumbai, the hike was to the tune of Rs 19 and Rs 19.5 per cylinder respectively, according to Indian Oil Corporation, which supplies LPG under the Indane brand. With effect from January 1, the non-subsidised LPG rates were revised to Rs 714 per cylinder in Delhi and Rs 684.50 per cylinder in Mumbai. In December, the prices had stood at Rs 695 per cylinder and Rs 665 per cylinder respectively.

LPG cylinder prices were hiked for the fifth consecutive month today, this time by ₹19 a cylinder. Till December 31, a 14.2 kg liquefied petroleum gas (LPG) cylinder was priced at ₹695 in New Delhi but the rate has now gone up to ₹714. State-run fuel retailers change LPG cylinder rates every month, based on international benchmark rates.

Jet fuel or Aviation Turbine Fuel (ATF) price was on Wednesday hiked by 2.6 per cent and that of non-subsidised cooking gas LPG by Rs 19 per cylinder on the back of a rise in international rates.

This is in accordance with the 2016 decision to raise rates by 25 paise a litre every month till subsidy on the fuel is eliminated.