Comparison of prices of the non-subsidized and subsidized Indane
The price of non-subsidised Liquefied Petroleum Gas (LPG) cylinders in Delhi, Mumbai and Kolkata was on Tuesday (December 15) hiked substantially. The price of a 14.2 kg LPG cylinder for domestic use has been increased by Rs 50. The price of 5 kg short cylinder has been increased by Rs 18 and the price of a 19 kg cylinder has been increased by Rs 36.50
The price of 14.2 kg cylinder in Delhi and Mumbai now costs Rs 644, while the price of non-subsidised LPG cylinders in Kolkata is priced at Rs 670.
The last time that Non-Subsidised Prices of LPG Cylinder saw revision was in June when it was hiked to Rs 593 in June in Delhi from Rs 581 in May.
LPG Price in India is determined by the state-run oil companies and is revised on a monthly basis. Almost all the household in India has a LPG connection and it is mainly used for cooking purpose. An increase in LPG prices will affect the common man in general as they have to bear the brunt of the rising fuel prices in the current market scenario. The best part of it is the government of India is currently providing subsidy on the sale of domestic LPG cylinders to the consumers. The subsidy amount is directly credited to the individuals bank account after the purchase of the cylinder. The subsidy amount varies every month and is dependent on the changes in the average international benchmark LPG prices added with the foreign exchange rate.