LPG gas price hiked as coronavirus lockdown restrictions ease
The Retail Selling Price (RSP) of LPG cylinder has been raised due to the increase in the prices in international market.
The price of non-subsidised liquefied petroleum gas (LPG) cylinder has been hiked across the country as COVID-19 lockdown restrictions are being eased. Effective Monday, June 1, the price of non-subsidised LPG cylinder in Delhi has been hiked by Rs 11.50, according to a release issued by the Indian Oil Corporation (IOC) on Monday.
The state-owned oil and gas company stated that the Retail Selling Price (RSP) of LPG cylinder has been raised due to the increase in the prices in international market.
"For the month of June 2020, there has been an increase in International prices of LPG. Due to increase in the prices in international market, the RSP of LPG in Delhi market will be increased by Rs.11.50 per cylinder," IOC stated.
IOC, however has stated that the hike will not impact beneficiaries of Pradhan Mantri Ujjwala (PMUY), as they are entitled to free LPG cylinder till June 30.
"However, this increase will not impact the Pradhan Mantri Ujjwala (PMUY) beneficiaries, as they are covered by the Pradhan Mantri Garib Kalyan Yojana, and entitled to a free cylinder till June 30th.
In May, the RSP of LPG in Delhi market was reduced from Rs 744 to Rs 581.50 per cylinder for all consumers in line with drop in international prices.
As per the revised rates, a non-subsidised (14.2 kg Indane) LPG cylinder will now cost Rs 593 in Delhi, Rs 616 in Kolkata, Rs 590.50 in Mumbai and Rs 606.50 in Chennai.
Prices of LPG cylinders are revised on the first day of every month depending global LPG benchmark rate and the exchange rate of the US dollar and rupee.