Marking third increase in rates since the past month, state-owned petroleum companies have upped the price of non-subsidized cooking gas (LPG), which customers buy after consuming their quota of subsidized cylinders, by a steep Rs 220 per bottle in the backdrop of firming international rates. With this, the 14.2-kg cooking gas cylinder that consumers buy beyond their entitled nine bottles at subsidised rates, will now cost Rs 1,241, up from Rs 1,021 in Delhi. Meanwhile, in Mumbai, the prices have been increased to Rs 1,264.50 per cylinder from Rs 1,038.
The decision to go ahead with the hike was taken as international prices are on an uptrend. Earlier, the price was hiked by Rs 63 a cylinder to Rs 1,017.50 on December 1 and was further increased by Rs 3.50 to Rs 1,021 on December 11, when the government decided to increase the commission for LPG dealers and distributors by Rs. 3.51 per cylinder.
Government currently subsidizes nine cylinders a year for each household. Hence, any families requiring more cylinders will have to buy them at higher rates. This limit of subsidized cylinders has been raised from previous allotted quota of 6 cylinders per household, decided by the government on September 2012.
The decision to go ahead with the hike was taken as international prices are on an uptrend. Earlier, the price was hiked by Rs 63 a cylinder to Rs 1,017.50 on December 1 and was further increased by Rs 3.50 to Rs 1,021 on December 11, when the government decided to increase the commission for LPG dealers and distributors by Rs. 3.51 per cylinder.
Government currently subsidizes nine cylinders a year for each household. Hence, any families requiring more cylinders will have to buy them at higher rates. This limit of subsidized cylinders has been raised from previous allotted quota of 6 cylinders per household, decided by the government on September 2012.
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