LPG Cylinder price: Sources said that how much the price of LPG cylinder will increase, it will depend on the permission of the government. Earlier on October 6, the price of LPG cylinder was increased by Rs 15.
LPG Cylinder price: The price of LPG cylinder may increase next week. Sources have given this information. Meanwhile, vehicle fuel prices were hiked again on Wednesday after a gap of two days. The price of both petrol and diesel has increased by 35 paise per liter. Sources said that in case of LPG, the loss (underrecovery) from selling below cost has reached Rs 100 per cylinder. Because of this, its prices may increase. According to the news, sources told that how much the price of LPG cylinder will increase, it will depend on the permission of the government. Earlier on October 6, the price of LPG cylinder was increased by Rs 15. Let us tell you, since July, the price of 14.2 kg LPG cylinder (14.2 kg gas cylinder price) has increased by Rs 90.
Loss on sale of LPG at Rs 100 per cylinder
Sources with knowledge of the matter said that the permission has not been given to the public sector petroleum marketing companies to make the retail price according to the cost. Apart from this, no subsidy has been given by the government so far to bridge this gap. He said that the loss on the sale of LPG has reached Rs 100 per cylinder amid the increase in international prices.
LPG is currently a regulated commodity
While the rate of LPG in Saudi Arabia has jumped 60 percent to $ 800 a tonne this month, the international benchmark Brent crude oil has reached $ 85.42 a barrel. Another source said that LPG is currently a controlled commodity, so technically the government can regulate its retail price, but in doing so, the government will have to meet the loss of sales to petroleum companies at a price below the cost.
14.2 kg cylinder price
At present, the price of LPG cylinder in Delhi and Mumbai is Rs 899.50. Whereas in Kolkata it is Rs 926. Eligible families in the country get subsidized LPG cylinders at the same rates. In a year, they get 12 cylinders of 14.2 kg each at subsidized rates. Meanwhile, the prices of petrol and diesel were further hiked by 35 paise per liter on Wednesday. Prior to this, vehicle fuel prices were not increased for two days.
Petrol and diesel prices on the seventh sky
According to the price notification of public sector petroleum marketing companies, petrol in Delhi has now reached Rs 107.94 per liter. Whereas in Mumbai it has become Rs 113.80 per liter. Similarly, diesel has reached Rs 96.67 per liter in Delhi and Rs 104.75 per liter in Mumbai. Petrol has already hit a century in all the major cities of the country. At the same time, diesel has crossed Rs 100 per liter in more than one and a half dozen states and union territories.