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LPG price hiked by Rs 25

PUBLISHED:

Guwahati:  Oil marketing companies have hiked the price of domestic LPG cylinders by Rs 25. The revised rate has been applicable from July 1.

LPG Price in India is determined by the state-run oil companies and is revised on a monthly basis.

A 14.2 kg domestic cylinder will now cost Rs 834.50 in Delhi.

In Mumbai, a domestic cooking gas tank will cost Rs 834.50. In Kolkata, people will have to shell out Rs 835.50 for a domestic cylinder. In Chennai, it will cost Rs 850.50.

Almost all the household in India has an LPG connection and it is mainly used for cooking purpose. An increase in LPG prices will affect the common man in general as they have to bear the brunt of the rising fuel prices in the current market scenario.

The best part of it is the government of India is currently providing subsidies on the sale of domestic LPG cylinders to consumers.

The subsidy amount is directly credited to the individual’s bank account after the purchase of the cylinder. The subsidy amount varies every month and is dependent on the changes in the average international benchmark LPG prices added with the foreign exchange rate. 

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