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Cooking Gas Cylinder Prices Increased By ₹25, Third Hike In February
Writer: Ritu Yadav
A journalism undergrad with experience in Reporting News, Content Writing and Public Speaking, Blogging. Skilled in Communication, Public Speaking, Management, Interpersonal skills and Leadership. Her interest involves writing about issues that generally go unnoticed, with a strong interest in politics and social welfare.
India, 26 Feb 2021 10:44 AM GMT
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Creatives : Ritu Yadav
A journalism undergrad with experience in Reporting News, Content Writing and Public Speaking, Blogging. Skilled in Communication, Public Speaking, Management, Interpersonal skills and Leadership. Her interest involves writing about issues that generally go unnoticed, with a strong interest in politics and social welfare.
The LPG cylinder rates were previously increased by ₹25 on February 4 and ₹50 on February 15.
The Oil Marketing Companies (OMCs) hiked the price of Liquefied Petroleum Gas(LPG) by ₹25 per cylinder on Thursday, February 25.
This is the third hike in February. In just three weeks, the cooking gas refills have been made more expensive by around ₹100 on a cylinder.
Following the latest rise, a 14.2 kg cylinder in Delhi costs ₹794 as against ₹769.00 on Wednesday. A similar increase was seen in other cities also.
In Mumbai, a 14.2 kg non-subsidised LPG cylinder costs ₹794 rose while it costs ₹795.50 in Kolkata and ₹785 in Chennai.
The increase in LPG prices comes when petrol and diesel prices have hit the maximum in India. LPG is a byproduct of natural gas and crude oil. The LPG prices are decided by the state-run companies. With the recent rise in crude oil prices in the international market earlier, fuel prices have skyrocketed. While fuel prices change on a daily basis, LPG cylinder prices used to be changed on a monthly basis till November.
The LPG cylinder rates were previously increased by ₹25 on February 4 and ₹50 on February 15. This is the first time in recent history that prices for cooking gas have risen three times a month.
According to The Hindu, the price of a domestic cooking gas cylinder rose by ₹100 in December. The national oil marketing firms Indian Oil Company, BPCL and HPCL then raised the price twice by ₹50. While the prices in January were left unchanged, the latest revision translates into a ₹200 increase in the cylinder prices over three months.
Read Also: Four States Slash Taxes Amid Skyrocketing Fuel Prices
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