Cooking gas prices are rising in India

Feb 15, 2021

By: Navdeep Yadav

​LPG price hiked by ₹50 per cylinder in Delhi

LPG stands for Liquefied petroleum gas.

Credit: BCCL

​How much will a cylinder cost now?

After a hike of ₹50 per cylinder, a 14.2 kg gas cylinder in the national capital will now cost ₹769.

Credit: BCCL

​This comes as a second hike in a month

Earlier on Feb 4, the cooking gas prices were hiked by ₹25, across the four metro cities.

Credit: BCCL

​And the fourth in the last three months...

On Dec 1, the price was hiked by a similar ₹50 per cylinder, followed by a hike of ₹50 again on Dec 16.

Credit: BCCL

​Who determines the prices?

The price of LPG cylinders is determined by state-run oil companies and is revised every month.

Credit: BCCL

​What affects the cost of a cylinder?

The cost of LPG can go up or down depending on the global prices of gas and US dollar exchange rate.

Credit: BCCL

​Natural gas prices are rising globally

...which has been the reason behind the continuous hike in cooking gas prices.

Credit: BCCL

​But it won’t cost ₹769 a cylinder under subsidised rates

Presently, the government subsidises 12 cylinders of 14.2 kilograms each per household every year.

Credit: BCCL

​Meanwhile, the price of petrol was hiked for 7th consecutive day

In Mumbai, the prices rose to ₹95.46 per litre and ₹86.34 per litre for petrol and diesel respectively.

Credit: BCCL

​Experts argue that this could further slow down the economic recovery

A sharp rise in the cost of essential fuels will result in higher inflation.

Credit: BCCL

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