Feb 15, 2021
By: Navdeep Yadav
LPG stands for Liquefied petroleum gas.
After a hike of ₹50 per cylinder, a 14.2 kg gas cylinder in the national capital will now cost ₹769.
Earlier on Feb 4, the cooking gas prices were hiked by ₹25, across the four metro cities.
On Dec 1, the price was hiked by a similar ₹50 per cylinder, followed by a hike of ₹50 again on Dec 16.
The price of LPG cylinders is determined by state-run oil companies and is revised every month.
The cost of LPG can go up or down depending on the global prices of gas and US dollar exchange rate.
...which has been the reason behind the continuous hike in cooking gas prices.
Presently, the government subsidises 12 cylinders of 14.2 kilograms each per household every year.
In Mumbai, the prices rose to ₹95.46 per litre and ₹86.34 per litre for petrol and diesel respectively.
A sharp rise in the cost of essential fuels will result in higher inflation.