Shubham Jaiswal ([email protected])
After two months of rate hikes, the price of liquefied petroleum gas (LPG) cylinders was left unchanged today. LPG cylinder prices are reviewed on the first day of every month, and depending on international fuel rates and US dollar-rupee exchange rates, prices can go up or down.
Last month, LPG rates were hiked by Re 1 a cylinder in Delhi and ₹3.5 in Mumbai while in June, the rate hike was of ₹11.50. In February, LPG cylinder rates had gone upto ₹858.50 (Delhi) but in March, as coronavirus fears hit global fuel demand, rates went down to ₹805.50. In May, LPG price was cut from ₹744 to ₹581.50 per cylinder as the energy market went into a bear mode.
The Latest LPG Cylinders rates (Non- Subsidised)
Delhi — ₹594
Kolkata — ₹621
Mumbai — ₹594
Chennai — ₹610.50
All consumers have to buy LPG cylinders at the market price, but the government transfers the subsidy directly into the bank accounts of those eligible through direct benefit transfer (DBT). Under the rules, one domestic household is eligible for only 12 cylinders of 14.2 kg each at subsidised prices. For any subsequent purchases beyond the quota, one needs to buy at market rates.