After Commercial Cylinders, Now Price Of Domestic Cooking Gas Hiked, Will Cost Rs 999.50
In yet another blow to the common man of the country who is struggling with the rise in the cost of living, petroleum companies have hiked the price of cooking gas for domestic use.
The price of Liquefied petroleum gas (LPG) cylinder has been increased by Rs 50, effective from Saturday.
With the latest revision, domestic LPG cylinders will retail at Rs 999.50 in Delhi.
LGP price up by Rs 100 from March
The last hike in domestic LPG prices took place on March 22, when the price was increased by Rs 50. There was no increase in the price of this cylinder in the month of April.
While the domestic cylinders are still being touted as subsidesed, in reality the government had stopped offering direct subsidies to customers on LPG gas cylinders from May 2020.
Earlier this month, the price of commercial LPG cylinders had been increased.
On May 1, the price of a 19-kilograms commercial LPG cylinder was increased by Rs 102.50, to Rs 2355.50.
Petrol, diesel rates remain unchanged
Meanwhile, petroleum prices continued to remain steady on Saturday, May 7, 2022 as petrol, diesel prices were unchanged, as per the price notification by the state-run fuel retailers.
The fuel prices witnessed last hiked by 80 paise a litre each on April 6, taking the total increase in rates in 16 days to Rs 10 per litre.?
This was the highest-ever increase during a 16-day period since fuel prices were deregulated two decades back.
Fuel prices are decided based on the international prices, excise duty, state value-added taxes (VAT), and other charges.
Petrol, diesel and gas sales in April
India's petrol and diesel sales growth moderated in April while cooking gas LPG consumption fell as record high prices dented demand, preliminary industry data showed.
Petrol sales growth moderated to 2.1 per cent in April when compared with the same period in the preceding month, while diesel demand was almost flat. Cooking gas LPG, which had consistently shown growth even during the pandemic period, saw a massive 9.1 per cent month-on-month drop in consumption during April.
State-owned oil firms had on March 22 ended a 137-day hiatus in rate revision and began passing a USD 30 per barrel increase in cost of raw material (crude oil) during that period when five states including Uttar Pradesh went to polls.
Petrol sales by state-owned fuel retailers, which control roughly 90 per cent of the market, at 2.58 million tonnes during April were nearly 20.4 per cent higher than the same period last year and 15.5 per cent higher than the period in 2019, preliminary industry data showed.
The consumption was, however, just 2.1 per cent more than the 2.52 million tonnes sales in March 2022.
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