Domestic LPG Price Hiked By Rs 29 Per Cylinder

New Delhi: The price of domestic cooking gas LPG has been raised by Rs 29 per cylinder late Saturday night, marking the second increase in three months as state-owned fuel retailers continue to grapple with elevated global energy costs.

The price of a 14.2-kg domestic LPG cylinder in Delhi was raised to Rs 942 from Rs 913, while beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) will continue to pay an effective Rs 642 per cylinder after receiving a subsidy of Rs 300 per refill on the first four refills annually, down from 9 refills announced in the previous year.

The increase follows a Rs 60-per-cylinder hike on March 7 after the conflict in West Asia disrupted global energy supplies and drove up international fuel prices. Industry sources said that the increase had only partly offset losses incurred on domestic LPG sales.

The prices of the commercial LPG gas cylinders were also increased on June 01 with the price of a 19-kg cylinder increased by Rs 42 in Delhi and Rs 53.50 in Kolkata. State-run oil marketing companies were estimated to be losing about Rs 703 on every LPG cylinder sold before the latest revision, the sources said.

The LPG price hike comes amid a broader round of fuel price increases. Petrol and diesel prices have been raised by a cumulative Rs 7.50 per litre since mid-May, while compressed natural gas (CNG) rates have increased by about Rs 6 per kg.