The price of liquefied petroleum gas (LPG) domestic cylinder has been hiked by ₹ 50 per cylinder in Delhi on Sunday. A 14.2 kg gas cylinder in the national capital will now cost ₹ 769 from 12 AM Monday onwards, the third increase in LPG rates since December last year.
On December 1, 2020, the price was hiked by a similar ₹50 per cylinder, followed by a hike of ₹50 again on December 16 due to firming of international prices.
Prior to that, the price had remained unchanged at ₹594 a cylinder since July. This was the same rate at which subsidized LPG refills are also sold.
Since May last year, most cooking gas customers have not received subsidies as the combination of international oil price collapse and domestic refill rate increases brought parity between subsidized and market rates.
The price of LPG gas cylinders is determined by state-run oil companies and is revised on a monthly basis. Depending on international fuel rates and US dollar-rupee exchange rates, the prices can go up or down.
The rise in price of LPG comes at a time when petrol and diesel prices in India have touched an all-time high.