Adding to the concerns of a standard man coping with inflation, home Liquid Petroleum Gas (LPG) will price extra from in the present day (6 July) as the worth of 14.2 kg LPG cylinder was hiked by Rs 50. This is the eighth straight improve in LPG costs by Indian Oil Corporation Ltd (IOCL) since July 2021. Price of a 5 kg home cylinder will go up by Rs 18 per cylinder. Meanwhile, the worth of a 19kg industrial cylinder has been minimize down by Rs 8.5 per cylinder. After in the present day’s value revision, home LPG will now price Rs 1,053 in Delhi. In the final one yr, the speed of home LPG cylinders within the National Capital has elevated from Rs 834.50 to Rs 1,003. The value of home fuel cylinders has gone as much as Rs 1,079 in Kolkata, Rs 1,052.50 in Mumbai and Rs 1,068.50 in Chennai.
Note that LPG cylinder costs differ from state to state relying on the VAT and transportation prices of the area. It can also be calculated on the idea of crude oil costs. Retailers revise LPG cylinder costs originally of every month protecting according to world crude oil costs. The rising charges of crude oil globally has prompted state-owned gasoline retailers to hike LPG costs. The newest hike in home cooking fuel costs comes months after finance minister Nirmala Sitharaman had in May said that Ujjwala scheme beneficiaries will get Rs 200 per cylinder subsidy for 12 occasions in a yr to assist ease a few of the burden arising from cooking fuel charges rising to file ranges.
The hike in home LPG cylinder costs comes days after industrial LPG cylinder costs had been slashed by OMCs. Bringing an enormous reduction to industrial customers, the OMCs introduced to scale back the costs of the 19 kg industrial cylinder by almost Rs 200. After the worth minimize, the 19 kg industrial cylinder turned cheaper by Rs 198 per bottle. The value of a 19 kg industrial cylinder got here all the way down to Rs 2,021 as in opposition to the sooner value of Rs 2,219 in Delhi, whereas in Kolkata the cylinder is now priced at Rs 2,140 as an alternative of Rs 2,322. In Mumbai, the charges got here all the way down to Rs 1,981 from Rs 2,171.50, whereas the worth in Chennai dropped to Rs 2186 from Rs 2,373 earlier.
It is price noting that home LPG cylinder value was final elevated by Rs 4 on May 19, 2022. Before that, the speed was Rs 999.50 per cylinder from May 7. On that day, the LPG cylinder had change into costlier by Rs 50 as in opposition to the speed of Rs 949.50 on March 22, 2022. Further, on March 22 additionally, LPG cylinder costs had been hiked by Rs 50. Earlier, between October 2021 and February 2022, the charges of home LPG cylinders stood at Rs 899.50 in Delhi. Meanwhile, opposite to the relentless cooking fuel value hikes, petrol and diesel costs have remained unchanged for over a month.
Source: www.financialexpress.com”