LPG cylinder prices hiked for second month straight; here’s how much users will have to pay in July

By: |
Updated: Jul 01, 2020 10:30 AM

Prices of non-subsidized LPG or liquefied petroleum gas were hiked on Wednesday, taking the prices up for the second straight month.

LPG Gas Cylinder prices hike from today 1 june 2020, check cooking gas new prices updates, subsidies and non subsidies LPG cylinder, commercial LPG cylinder, Oil Companies, Indian Oil, एलपीजी रसोई गैस सिलिंडरAccording to the data provided by Indian Oil corporation, users of non-subsidized 14KG Indane gas cylinders in Delhi will now have to pay Rs 594 instead of Rs 593 for each cylinder.

Prices of non-subsidized LPG or liquefied petroleum gas were hiked on Wednesday, taking the prices up for the second straight month. Prices of a 14.2 KG cylinder in the non-subsidized category were increased by Re 1 in New Delhi, while it was increased by Rs 4.50 per cylinder in Kolkata, Rs 3.5 in Mumbai and Rs 4 per in Chennai. The move to increase the prices of non-subsidized LPG cylinders comes after the government cut prices in the months of March, April, and May as international prices went down.

According to the data provided by Indian Oil corporation, users of non-subsidized 14KG Indane gas cylinders in New Delhi will now have to pay Rs 594 instead of Rs 593 for each cylinder. In Kolkata, the price has now shit up to Rs 620.5 from Rs 616 that the customers paid till the last month. In Mumbai, the new price was Rs 594, which is up from Rs 590. In Chennai, the price of each 14 KG cylinder in the non-subsidized category was increased to Rs 610.5 from Rs 606.5 in the month of June. The prices are, however, significantly less than what they were in the month of March. The price of a 14 non-subsidized cylinder in March stood at Rs 805 in Delhi, 839.5 in Kolkata, whereas Mumbai and Chennai prices were at Rs 776 and Rs 826, respectively.

Also Read: Bharti Airtel bags $235 million investment in arm from Carlyle group, sells 25% stake in data centre business

The Government of India currently subsidizes 12 cylinders of 14.2 kg each per household in a year. LPG cylinder prices are revised every month, unlike petrol and diesel prices that are revised on a daily basis. Petrol and Diesel prices have not been increased for the last two days after having increased for more than a week prior to that. Price of the 19 KG cylinder has been reduced in Delhi and Kolkata by Rs 4 per cylinder and Mumbai the price has been cut by Rs 3. Chennai saw a reduction of Re 1 per cylinder.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1TikTok ban threatens China’s rise as global tech power; move may help other nations to curb Chinese apps too
2PM Modi extends PMGKAY till November for 80 crore beneficiaries; cautions against lowering of guard against Covid-19
3Recession risk: Consumers scared to spend, says Sanjiv Mehta, CMD – Hindustan Unilever Limited