Price Cuts for LPG Cylinders: Prices for LPG cylinders have been lowered from Delhi to Mumbai as of today (August 1). Commercial LPG cylinders feature built-in relief valves for LPG cylinders. Gas cylinder costs have been slashed by Rs 36. For the first time, a 19-kilogram commercial LPG cylinder would cost Rs 1976.50 in Delhi. Cylinder prices were previously Rs 2012.50.
LPG Cylinder Cost: New LPG cylinder costs have been announced. On the first of August, the price of LPG cylinders was reduced. The price of gas cylinders has been slashed by Rs 36 as of today. All cities in the country are covered by these pricing, including Delhi, Mumbai, and Chennai.
On commercial LPG cylinders, relief is provided. A 19-kilogram commercial LPG cylinder now costs Rs 1976.50 in Delhi, according to a new rate announced by Indian Oil. Cylinder used to cost Rs 2012.50. On July 6, the last price reduction was implemented. From Rs 2021 to Rs 2012, the price of commercial cylinders was cut.
Here are the new rates
A household LPG cylinder costs, at the time of this writing, Rs 1053 in Delhi. Prior to this price rise, which took place on May 19, the prices had been altered from Rs 1003 to Rs 1003. Kolkata currently has a domestic LPG price of Rs. 1079, Mumbai a price of Rs. 1052 and Chennai a price of Rs. 1068.50.
The price of LPG cylinders has climbed by nearly two and a half times in the last eight years, according to historical data. According to Indian Oil Corporation (IOCL) figures, a subsidised LPG container cost Rs 410 in March of this year.
In Delhi, the old prices
It’s incredible how much cooking gas costs have risen in only one year.
The price of a household gas cylinder in Delhi has increased by roughly Rs 219 in the last year alone. It was Rs 834.50 a year ago, but that has now risen to Rs 1053. Before, on May 19, the price of a 14.2 kilogramme home LPG cylinder was hiked. After that, the price had risen by Rs. A 50-rupee hike in home LPG cylinder rates has already occurred on March 22.
the cost of a household cylinder
This is how LPG cylinder costs have risen.
Delhi’s subsidised residential LPG cylinder cost Rs 410.50 as of 1 March 2014. After a year, in March 2015, the price of the product rose to Rs 610. Crude oil prices fell in the next year, resulting in a drop in domestic cylinder pricing to Rs 513.50 in March 2016. Their price went up to Rs 737.50 in March 2017. The cost was Rs 899 as of March of this year. A residential LPG cylinder now costs Rs 1053.
The gas cylinder subsidy has now expired.
The Modi government began sending subsidy payments for home cooking gas directly to recipients’ bank accounts in March 2015. In the past, people received 12 cylinders every year as a subsidy from the government. Subsidies for LPG began to decline during the Corona outbreak. In the past, the government has launched a campaign to encourage citizens to give up their subsidies. During the pandemic, however, everyone lost their stipend. LPG cylinder subsidies are now only available to people who are connected under the Ujjwala Yojana.