India
oi-Deepika S
New Delhi, February 14: The central government announced on Sunday the increase in the price of LPG gas cylinders by Rs 50 per unit, the third increase in LPG tariffs since December last year.
After the latest hike, an unsubsidized gas cylinder in Delhi will now cost 769 rupees.
On December 1, 2020, the price was raised by a similar Rs 50 per cylinder, followed by a Rs 50 increase again on December 16 due to firm international prices.
Since May, most cooking gas customers have not received subsidies, as the combination of the collapse in the international price of oil and increases in the national recharge rate brought the subsidized and market rates to parity.
A subsidized cooking gas cylinder was priced at Rs 497 in Delhi in June 2019. Since then, prices have cumulatively increased by Rs 147.
However, this month’s rate hike would mean that the government will have to resume paying subsidies to consumers.
LPG rates are reviewed every fifteen days.
Households in India can purchase a maximum of 12 LPG cylinders per year at subsidized rates.
Cylinders must be purchased at full price at the time of purchase, and the subsidy is credited to the customer’s bank account by the government.
She is a freelance blogger, writer, and speaker, and writes for various entertainment magazines.