Home » National » Cooking gas (LPG) price was on Wednesday hiked by Rs 4.50 per cylinder: the 19th increase in rates since July 2016

Cooking gas (LPG) price was on Wednesday hiked by Rs 4.50 per cylinder: the 19th increase in rates since July 2016

New Delhi1/11/17;: Cooking gas (LPG) price was on Wednesday hiked by Rs 4.50 per cylinder, the 19th increase in rates since July 2016 when the government decided to eliminate subsidy on it by raising prices every month.

The price of non-subsidised LPG or market priced cooking gas has been hiked by Rs 93 to Rs 742 per cylinder. At the last revision on October 1 the rate was hiked by Rs 50 to Rs 649 per cylinder.

Subsidized LPG price has been hiked by Rs 4.50 per 14.2- kg cylinder to Rs 495.69.

Also, jet fuel or ATF price was increased by 2 per cent on firming international rates, the fourth straight increase in rates since August, according to price notification posted by state-owned retailers.

The government last year had asked state-run oil firms to raise prices every month to eliminate all the subsidies by March next year.

Since the implementation of the policy of monthly increases from July last year, subsidized LPG rates have gone up by Rs 76.51 per cylinder. A 14.2-kg LPG cylinder was priced at Rs 419.18 in June 2016.

Every household is entitled to 12 cylinders of 14.2-kg each at subsidized rates in a year. Any requirement beyond that is to be purchased at market price.

Aviation turbine fuel (ATF) will now cost Rs 54,143 per kilolitre (kl) in Delhi, Rs 1,098 per kl more than Rs 53,045 previously, oil companies said.

This is the fourth consecutive monthly hike in ATF price, the last being 6 per cent (Rs 3,025 per kl) on October 1.

State-owned oil firms revise rates of LPG and ATF on 1st of every month based on average oil price and foreign exchange rate in the previous month.

Initially, the hike in LPG rate was Rs 2 per month which was doubled to Rs 3 from May this year. Today’s hike in the LPG price is sixth since the May 30 order of the oil ministry to raise rates by Rs 4 per cylinder every month.

There are as many as 18.11 crore customers of subsidized LPG in the country. These include over 3 crore poor women who were given free connections during the last one year under the Pradhan Mantri Ujjwala Yojna.

There are 2.66 crore users of non-subsidized cooking gas.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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