Domestic cooking gas on August 18, the price of LPG was raised by 25 rupees per cylinder, marking the second month in a row that rates had risen.
According to an oil company pricing announcement, subsidised LPG now costs ₹ 859 for every 14.2-kg cylinder in Delhi. This is the second month in a row that prices have risen. On July 1, rates were raised by ₹ 2.50 per cylinder. Non-subsidised LPG rates were hiked by the same percentage on August 1, and now subsidised cooking gas prices have been raised.
The price difference between subsidised and non-subsidized cooking gas is negligible. According to industry insiders, the administration did not hike the subsidised LPG price on August 1 because Parliament was in session and the government may have been criticised by the opposition.
The new rise in the discounted LPG price brings the total rate increases since January 1 to 165 rupees per cylinder. The government abolished LPG subsidies by hiking rates on a monthly basis. Subsidies will be phased out by May 2020 as a result of these monthly increases.
Domestic cooking gas prices have more than quadrupled in the previous seven years. On March 1, 2014, the retail selling price of domestic gas was ₹410.5 per 14.2-kg cylinder.
A 14.2 kilogramme of LPG cylinder currently costs ₹859.5 in Mumbai and ₹886 rupees in Kolkata. An LPG cylinder in Chennai will now cost 875.50, up from ₹850.50.
Meanwhile, according to the price notice, diesel prices were reduced by 19 to 21 paise across the nation, while petrol prices remained constant. This is the first price adjustment in almost a month. In Delhi, the price of petrol remains constant at 101.84 rupees per litre.
Diesel prices, on the other hand, have been cut from ₹89.87 to ₹89.67 per litre. In Mumbai, a gallon of gasoline currently costs ₹97.24.