The price of 14.2 kg domestic Liquefied Petroleum Gas (LPG) cylinder has been increased by Rs 50 with effect from May 7, 2022.
Starting today, the domestic LPG cylinder will cost Rs 999.50.
This is the second time in under six weeks that LPG rates have been hiked. Rates were hiked by Rs 50 per cylinder on March 22. Since April last year, prices have risen by Rs 190 per cylinder.
Petrol and diesel prices however continue to be on freeze for over a month now. The pause followed rates being hiked by a record Rs 10 per litre in a matter of 16 days beginning March 22.
Non-subsidised cooking gas is the one that consumers buy after exhausting their quota of 12 cylinders at subsidised or below-market rates.
However, the government pays no subsidy on LPG in most cities and the price of the refill that consumers, including the poor women who got free connection under the much-talked Ujjwala scheme, is the same as non-subsidised or market price LPG.
Non-subsidised LPG costs Rs 999.50 per 14.2-kg cylinder in Mumbai while it is priced at Rs 1,015.50 a bottle in Chennai and Rs 1,026 in Kolkata.
Rates differ from state to state depending on the incidence of local taxes such as VAT. Prices are higher in states with higher taxes.
Earlier this month, the price of commercial LPG cylinders - the one used by establishments like hotels and restaurants - was increased. On May 1, the price of a 19-kg commercial LPG cylinder was increased by Rs 102.50 to Rs 2,355.50.
International oil prices have been on the rise this year. They jumped to a 13-year high of USD 140 per barrel in March before shedding some of the gains. Brent was trading at USD 109.77 per barrel on Saturday.
To compound things, the Indian rupee tumbled to a near Rs 77 to a dollar. India relies on overseas purchases to meet about 85 per cent of its oil requirement, making it one of the most vulnerable in Asia to higher oil prices.
(With PTI Inputs)
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