New Delhi: Cooking gas LPG price on Wednesday was hiked by Rs 50 per cylinder, while price of jet fuel (ATF) was cut by four percent. Non-subsidised LPG price was hiked to Rs 1,103 per 14.2-kilogram cylinder, the first increase since July 2022, an oil company price notification said. Separately, ATF price was cut by Rs 4,606.50 per kilolitre to Rs 1,07,750.27 per kilolitre.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) said that Rs 1,103 was the rate for a 14.2-kg non-subsidised LPG cylinder. The government doesn't pay any subsidy to most non-Ujjwala users and this is the rate that they will have to pay for buying cooking gas refills.
The government pays Rs 200 per cylinder subsidy to the 9.58 crore poor who got free LPG connection under the Pradhan Mantri Ujjwala Yojana. The effective price for them would be Rs 903 per cylinder.
With the latest increase, LPG now costs Rs 1,102.50 per 14.2-kilogram cylinder in Mumbai, Rs 1,129 in Kolkata and Rs 1,118.50 in Chennai. Rates differ from state to state depending on local taxes. Parallely, oil firms also hiked the price of commercial LPG, used in hotels and restaurants, by Rs 350.5 to Rs 2,119.5 per 19-kilogram cylinder. Commercial LPG rates have more or less moved in tandem with cost which soared in the aftermath of Russia's invasion of Ukraine a year back. Rates of commercial LPG were last hiked by Rs 25 per cylinder in January.