New Delhi: Oil marketing companies may announce revision in LPG prices tomorrow, June 1, said media reports. International oil prices have increased this year, which has recently affected both petrol, diesel, ATF and LPG prices. In view of the increase in international oil prices, it is being speculated that the prices of LPG may also increase from tomorrow. Although nothing has been officially confirmed yet, we can only take it as a speculation. OMCs announce changes in LPG prices twice a month, once at the beginning of the month and once in the middle of the month.
On May 19, the prices of both domestic and commercial LPG cylinders were increased. This is the second time in a month that LPG prices have been hiked. The prices of 14 kg domestic cylinder were hiked by Rs 3.50, while 19 kg commercial LPG prices were hiked by Rs 8 per cylinder.
With this, the price of 14 kg domestic cylinder has now gone up to Rs 1003 in Delhi and Mumbai. From May 19, it costs Rs 1029 in Kolkata and Rs 1018.5 in Chennai.
Whereas the cost of 19 kg of commercial LPG is now Rs 2354 in Delhi, Rs 2454 in Kolkata, Rs 2306 in Mumbai and Rs 2507 in Chennai.
Earlier this month, the prices of commercial LPG cylinders were hiked by Rs 50. With the latest revision on May 7, domestic LPG cylinders sold for Rs 999.50 in Delhi. On May 1, the price of a 19 kg commercial LPG cylinder increased by Rs 102.50 to Rs 2355.50 from Rs 2253 earlier. Also, the price of 5 kg LPG commercial cylinder was increased to Rs 655.
Non-subsidised LPG is the one that consumers buy after exhausting their quota of 12 cylinders at subsidized or below market rates. However, the government does not provide any subsidy on LPG in most cities and consumers including poor women who get free connections under the much talked about Ujjwala scheme, have the same refill cost of non-subsidised or market price LPG.
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