New Delhi: LPG cylinder (LPG) prices have yet again increased as Indian Oil Company has raised the price of 14.2 kg LPG cylinder from Rs 769 to Rs 794 per cylinder. This is the third time in February that LPG prices have increased. Earlier, the prices were increased on two occasions on February 4 and February 14.
It may be recalled that in December, the price of the LPG cylinder was increased twice. On December 1, its rate was increased from Rs 594 to Rs 644 and then on December 15, its price was again increased to Rs 694 per cylinder. Thus, the price of LPG has seen a Rs 100 cumulative hike within a month. But prices were not raised in January. In January, the price of non-subsidized LPG (14.2 KG) was Rs 694 per cylinder.
Usually, oil marketing companies hike the prices of LPG on the first and 15th of every month. However, on February 1, there was no increase in prices, though the rate hike was announced on February 4 to Rs 719 per cylinder, a hike of Rs 25, thus taking the price increase by Rs 50 within 10 days.
Prices of non subsidized 14 kg Indane Gas was paused for 5 months since May 2020, after which the price went for upward revision on both December 01 and December 15. The previous Price (December 15) of non subsidized 14 Kg Indane Gas was Rs 694 per LPG cylinder bottle. Domestic LPG users are entitled to buy 12 bottles of 14.2-kg each at subsidized rates in a year. The government gave out 8 crores free LPG connections to poor women under PMUY to increase coverage of environment-friendly fuel in kitchens.