Massive Hike in LPG Cylinder Price: The central government has announced an increase of ₹ 50 in the price of LPG cylinder. Petroleum Minister Hardeep Singh Puri shared this information. According to latest report, the price of domestic gas cylinder has increased from ₹ 803 to ₹ 853. Similarly, for the beneficiaries of Ujjwala Yojana, the price of subsidized cylinder has also been increased from ₹ 500 to ₹ 550. This increase will affect crores of consumers across the country. (Massive Hike in LPG Cylinder Price)
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This is the first increase in the domestic cylinder prices since August 2024. Before this, on April 1st, Oil Marketing companies had reduced LPG prices by Rs. 41. Commercial LPG still costs 1762 in Delhi.
LPG Prices in Metro Cities:
The gas cylinder was priced at Rs 803 till now, which will now increase to Rs 853 in Delhi. In Kolkata, the price of domestic LPG will increase from Rs 829 to Rs 879. In the country’s financial capital Mumbai, the price of domestic cooking gas will increase by Rs 802.50 to Rs 852.50. At the same time, the gas which was priced at Rs 818.50 in Chennai will now cost Rs 868.50.
How LPG Prices are set?
The price of LPG cylinder in India is fixed every month and it is directly related to the international market because India imports gas. If the price increases abroad or the rupee weakens against the dollar, then the cylinder becomes expensive. Apart from this, the final price is determined by adding transport, refining, tax and profit margin of companies. The central government gives subsidy to some customers under schemes like Ujjwala, due to which they get cheaper cylinders. The price of domestic and commercial cylinders is also different. On the 1st of every month, government oil companies review and release the new price.
Excise duty on petrol and diesel increased:
The central government has increased the excise duty on petrol and diesel by Rs 2 per liter. The Revenue Department of the Finance Ministry shared this information by issuing a notification. The new changes will come into effect from April 8, 2025. However, this will not affect the common people. The Ministry of Petroleum and Natural Gas has tweeted that oil marketing companies have been instructed not to increase the retail rate of petrol and diesel.
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