New Delhi: A week after increasing the prices of the LPG across the country, Union Minister Dharmendra Pradhan on Thursday said the LPG prices likely to come down next month. Denying allegations that there is a constant rise in LPG prices, Pradhan said that it was hiked this month because of the international market. Also Read - ‘LPG Price Hike Has no Link With Delhi Assembly Election,’ Clarifies Dharmendra Pradhan
“This is not true that the price (of LPG) is constantly increasing. This month it was hiked due to the international market. However, there are indications that the prices may come down next month,” Pradhan said in Raipur. Also Read - Rahul Gandhi Slams Centre For LPG Price Hike, Demands Its Rollback
Saying that the LPG consumption increases during the winter which creates pressure on the sector, Pradhan said next month it will come down. Also Read - LPG Cylinder Prices Hiked From Today. Check Rates Here
The statement from the Union Petroleum Minister came after the Centre last week hiked the LPG price by a steep Rs 144.5 per cylinder.
Earlier speaking to media soon after the LPG price hike, Pradhan had said that it had no relation with the recently concluded Delhi Assembly Election 2020.
“The LPG price hike is not related to the elections. LPG price hike depends on global markets and consumption. Energy is a global commodity. Sometimes it goes up, sometimes it goes down. It’s not in my hand,” Pradhan said.
After the hike in the LPG price, now each cylinder of 14.2 kg will cost Rs 858.50 in Delhi (up by Rs 144.50); Rs 896.00 in Kolkata (increased by Rs 149); Rs 829.50 in Mumbai (up by Rs 145); and Rs 881.00 in Chennai (up by Rs 147).