After Rs 25 hike, LPG refill price up Rs 100 in February – Times of India


NEW DELHI: Household cooking gas became costlier by Rs 25 on Thursday, marking the third increase this month, taking the total increase to Rs 100 per cylinder.
The increase comes on a day benchmark Brent crude hit a 13-month high at $67.70 and global LPG (liquefied petroleum gas) has spiked on higher demand due to the recent cold wave that swept across the US and Europe.
Cooking gas prices have been rising since December. Rates have cumulatively gone up by Rs 150 per refill since then.
After the latest increase, a 14.2-kg domestic cylinder in Delhi now costs Rs 794 against Rs 769 earlier.
Consumers have to pay the market price and the government is supposed to give subsidy to domestic consumers covered under the subsidy But the subsidy was erased in metros and major cities through successive price increases over the past couple of years.
So in Delhi, for example, consumers have been paying the market price without subsidy support.
Executives at state-run fuel retailers said a small subsidy is paid to customers in remote and far-flung areas to compensate for higher freight charges.
LPG prices were increased this month first by Rs 25 per cylinder on February 4 and by Rs 50 on February 15.



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