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

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

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

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

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

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

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

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

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

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

Credit: Business Insider