It is really a worrying factor for common people as the oil marketing companies (OMCs) have increased the price of liquefied petroleum gas (LPG) or cooking gas price by Rs 25 per cylinder of 14.2 kilogram on Monday. As per information, in the city, LPG cylinder will now cost Rs 871. This has been the first hike of LPG prices in the month of March. On February 4, OMCs increased the cooking gas price by Rs 25 per cylinder. On February 15 there was an augment of Rs 50 per cylinder. On February 25, the third hike of Rs 25 has resulted in total increase of Rs 100 in the month February. The Government is currently providing subsidy on the sale of domestic LPG cylinders to the consumers. The subsidy amount is directly credited to the individualâ€™s bank account after the purchase of the cylinder.
The subsidy of Rs 40.10 will be deposited in the bank account of consumers which have not exhausted their quota of 12 cylinders in the year. Similarly, the LPG commercial cylinder of 19 kilogram has been raised by Rs 95.50. It now costs Rs 1,732 per cylinder in the city. On February 4, the commercial LPG cylinder price was raised by Rs 6 to Rs 1,680.50 per cylinder. On February 15 there was a reduction of Rs 8.50 to Rs 1,641 per cylinder. On February 25, the LPG commercial cylinder of 19 kilogram was lowered by Rs 4.50 to Rs 1,636.50 per cylinder, sources in the market said. OMCs revise prices of LPG cylinders, which is primarily dependent on the international benchmark rate of LPG, and the US dollar and rupee exchange rate.