LPG cylinder price increased by Rs 25 from today. Latest rates in top cities here

04-02-2021

State-run oil marketing companies (OMCs) on Thursday (February 4) hiked the price of non-subsidised liquefied petroleum gas (LPG) by Rs 25 in metros. The new rates are effective from today. After the latest increase, the price of cooking gas in Delhi was seen at Rs 719 per cylinder (14.2 kg). In Kolkata, LPG cylinder prices were hiked by Rs 25 to Rs 745.50, in Mumbai by Rs 25 to Rs 719 and in Chennai by Rs 25 to Rs 735. It is worth noting that there was no rise in prices in the month of January. However, prices were raised by Rs 100 a cylinder in Delhi through two hikes in December. OMCs revise prices of LPG cylinders, which is mainly dependent on the international benchmark rate of LPG, and the US dollar and rupee exchange rate. Worth mentioning here is that domestic cooking gas cylinders are sold at the market price in the country and the Centre transfers the subsidy money directly into the account of eligible consumers. The subsidy is the difference between market and subsidised price of LPG cylinder. After finishing the quota of maximum 12 cylinders of 14.2 kg each at subsidised prices, consumers have to buy non-subsidised LPG cylinders.