LPG prices have been revised upwards this month. With the latest increase in LPG prices, the first hike after three straight monthly cuts, the subsidised and non-subsidised LPG prices in Delhi stand at Rs 495.61 per cylinder and Rs 701.50 per cylinder respectively, according to Indian Oil Corporation. That marks a hike of Rs 2.08 per cylinder in subsidised LPG price, and Rs 42.50 per cylinder in the non-subsidised rate of the fuel compared to the previous month, data from Indian Oil showed. Indian Oil, the country's largest fuel retailer, supplies LPG under brand Indane.
Subsidised LPG prices (in rupees per 14.2-Kg cylinder) applicable from March 1, 2019, according to Indian Oil:
Non-subsidised LPG prices applicable from March 1, 2019, according to Indian Oil:
Before the hike - effective March 1, the subsidised LPG prices had been reduced by a total Rs 13.89 per cylinder in Delhi since November, data from Indian Oil showed. The non-subsidised LPG rates had been cut by Rs 283.5 per cylinder during this period.
In Mumbai, the subsidised and non-subsidised LPG prices have been increased to Rs 493.32 per cylinder and Rs 673.50 per cylinder with effect from March 1, according to Indian Oil Corporation's website - iocl.com. In February, the subsidised and non-subsidised LPG prices in Delhi had stood at Rs 493.53 per cylinder and Rs 659.00 per cylinder respectively.
Here's how much LPG cylinder prices have changed in Delhi and Mumbai so far this calendar year:
|Subsidised price in March 2019||495.61||493.32|
|Subsidised price in December 2018||500.9||498.57|
|Non-subsidised price in March 2019||701.5||673.5|
|Non-subsidised price in December 2018||809.5||780.5|
Currently, LPG consumers in the country have to purchase the fuel at market price. The government, however, subsidises 12 cylinders of 14.2 kilograms each per households in a year.
This subsidy amount - credited directly in bank accounts of consumers - varies from month to month depending on the changes in the average international benchmark LPG rate and foreign exchange rate.
(With agency inputs)