Cooking gas LPG price was hiked by Rs 15 per cylinder while petrol and diesel rates saw their steepest increase in recent weeks, pushing prices to all-time high levels across the country. Rates of both subsidised and non-subsidised LPG were hiked, taking the total increase in rates since July to Rs 90 per 14.2-kg cylinder.
Cooking gas now costs Rs 899.50 per cylinder in Delhi and Mumbai, and Rs 926 in Kolkata, according to a price notification of state-owned fuel retailers.
The government has through periodic increases eliminated subsidies on LPG in most cities. Domestic household kitchens, who are entitled to 12 cylinders of 14.2-kg each at subsidised rates in a year, and Ujjwala beneficiaries, who got free connections, now pay the market price. A 5-kg LPG cylinder now costs Rs 502.
This is the fourth increase in LPG prices since July. Rates were increased by Rs 25.50 per cylinder in July, followed by Rs 25 hike each on August 17 and September 1.
The latest increase in subsidised LPG price now has taken the cumulative rate hike since January 1 to Rs 205 per cylinder.
The government policy provides for the supply of 12 cylinders of 14.2-kg each per household at subsidised or below-market rates. Any quantity over this had to be bought at market price or non-subsidised rates. Along with the LPG cylinder price hike, petrol price was also increased by 30 paise per litre and diesel by 35 paise a litre. This is the steepest daily increase in recent weeks and follows international oil prices touching a seven-year high.