Non-Subsidised LPG Prices Hiked By Up To Rs. 15/Cylinder This Month: 10 Things To Know

Non-subsidised LPG or cooking gas prices were increased with effect from October 1, 2019. That marked a second straight monthly hike in the prices. The rise in the non-subsidised prices of LPG was to the tune of Rs. 12.5-15 per cylinder of 14.2 kilograms in Delhi, Mumbai, Kolkata and Chennai, according to Indian Oil Corporation – the supplier of cooking gas under brand Indane.

Currently, the government subsidises 12 cylinders of 14.2 kilograms each per household in a year. For any additional purchases, the consumer has to bear the market price.

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Here are 10 things to know about non-subsidised LPG cylinder prices:

  1. With effect from October 1, the non-subsidised LPG prices have been revised to Rs. 605 per cylinder in Delhi and Rs. 574.5 in Mumbai.
  2. That marks a hike of Rs. 15 per cylinder and Rs. 12.5 in Delhi and Mumbai respectively.
  3. In Kolkata and Chennai, the rates of non-subsidised LPG have been increased to Rs. 630 per cylinder and Rs. 620 per cylinder respectively. These rates mark a raise of Rs. 13.5 per cylinder in Kolkata and Rs. 13.5 per cylinder in Chennai compared to the prices last month.
  4. The prices of 19-kilogram cylinders have been revised to Rs. 1,085 per cylinder in Delhi and Rs. 1,032.50 per cylinder in Mumbai.
  5. The amount of subsidy provided by the government on the 12 cylinders per year per household varies from month to month.
  6. Factors such as changes in the average international benchmark LPG prices and foreign exchange rates determine the amount of subsidy.
  7. In September, the prices of LPG in metros were hiked nearly 3 per cent compared with the previous month.
  8. The prices of LPG have been increased by a cumulative Rs. 30.5 per cylinder in Delhi and and Rs. 28 per cylinder in Mumbai since August – an increase of 5.31 per cent and 5.12 per cent respectively.
  9. India would get two additional cargoes of liquefied petroleum gas (LPG) from the Abu Dhabi National Oil Co (ADNOC) to make up for a shortfall from Saudi Arabia, news agency Reuters reported last week quoting two government officials.
  10. The September 14 attacks on the Abqaiq and Khurais plants halved the crude output of the world’s top oil exporter, shutting down 5.7 million barrels per day of production. Saudi Arabia had, however, said it would restore lost production by the end of September, and bring its capacity back to 12 million barrels per day by the end of November.

 

Source:- ndtv

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