New Delhi: In its first hike this year, state-run oil marketing companies hiked the prices of non-subsidised liquefied petroleum gas cylinders from today. The prices were last hiked on January 1, 2020.
Here are the new rates:
Prices of non-subsidised 14 kg Indane gas in In Delhi price rises to Rs 858.50 (increase by Rs 144.50), in Kolkata – Rs 896.00 (increase by Rs 149), in Mumbai – Rs 829.50 (increase by Rs 145), in Chennai – Rs 881.00 (increase by Rs 147).
|City|| New Price||Price Difference|
|New Delhi||Rs 858.50||Rs 144.50|
|Kolkata||Rs 896.00||Rs 149|
|Mumbai||Rs 829.50||Rs 145|
|Chennai||Rs 881.00||Rs 147|
During July 2019-January 2020, the OMCs increased the price of subsidized LPG by Rs 63 per cylinder. At current global oil prices, if oil companies raise the rate of subsidized LPG cylinder (14.2 kg) by just about Rs 10 per cylinder per month, in 15 months time there would not be any need to extend Central support.
In Budget 2020, the government increased the allocation for providing subsidised fuel, especially LPG and kerosene, by 6% to Rs 40,915.21 crore for the next fiscal.