LPG prices hiked after Delhi election results

LPG cylinder prices hiked by over Rs 100 across metro cities

LPG cylinder prices hiked by over Rs 100 across metro cities

A day after the Delhi Assembly poll results were announced, the price of the non-subsidised LPG cylinder weighing 14.2 kg was on Wednesday increased by ₹144.50 to ₹149, the steepest since January 2014.

Indian Oil is the country's largest fuel retailer which supplies LPG under brand Indane.

With the increase, the subsidy burden for the government will also jump by nearly 100 per cent with Centre deciding against revising the price of the subsidised cooking gas cylinder provided to households and those receiving LPG connection under the Pradhan Mantri Ujjwala Yojana (PMUY).

The price of subsidised LPG cylinder (14.2 kg) now works to around Rs 557 with the government providing Rs 157 as subsidy directly into the account of eligible consumers. This subsidy amount depends on changes in the average global benchmark LPG rate and foreign exchange rate. The Indane gas delivers cylinders to over 11 crore households.

Indian Oil Corporation, which supplies almost 30 lakh of these cylinders daily across India under the brand name Indane Gas, had last revised the price of LPGs on January 1, 2020.

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Accordingly, the non-subsidised LPG prices have been revised to Rs 858.5 per cylinder in Delhi and Rs 829.5 per cylinder in Mumbai, Rs 896 in Kolkata and Rs 881 in Chennai, the data said.

The government subsidises up to 12 LPG cylinders for households.

However, the government nearly doubled the subsidy for domestic users.

For the current year, ₹38,568.86 crore fund has been allocated in the revised estimate as fuel subsidy.

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