LPG Cylinder Price Hike: Price increased by Rs 90 in four months, LPG cylinder may become expensive again on Diwali!
Where the prices of petrol and diesel are touching the sky in the country. Now on the occasion of Diwali, expensive cooking gas can also make the sweetness of sweets fade. Anyway, the price of LPG has increased by Rs 90 in the last 4 months. read full news
Sunil Shukla 
Diwali this time can bring the hit of inflation. On one hand, the rising prices of petrol and diesel every day (Petrol Diesel Price Hike) and the increased CNG price (CNG Price Hike) have already broken the back of the common man. Now it is reported that the price of LPG cylinder (LPG Cylinder Price Hike) may increase next week before Diwali.
Loss of more than Rs 100
PTI quoted sources as saying that the loss (under-recovery) caused by selling LPG cylinders at a price below the cost has now exceeded Rs 100 per cylinder. In such a situation, the price of LPG may increase just before Diwali.
Fuel companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum can increase the price of LPG after getting the approval of the government. A source associated with petroleum companies said that the difference between the cost of the LPG cylinder and the retail selling price has increased and the government has not yet sanctioned any subsidy to compensate for this loss.
On October 6,
the price of LPG was increased by Rs 15. The last increase in the price of LPG was on October 6. Then the price of 14.2 kg domestic LPG cylinder was increased by Rs 15. Since July, its price has increased by Rs 90. On subsidy, the government gives only 12 cylinders to a family in a year.
At present, the price of LPG cylinder available on subsidy in Delhi and Mumbai is Rs 899.50. Whereas its price in Kolkata is Rs 926.
Prices increased in the
international market The price of LPG has also increased in the international market. In October, its price has increased by more than 60% to $ 800 (about Rs 59,895) per ton. At the same time, Brent crude oil is also trading at $ 85.42 (about Rs 6,395) per barrel.
