Today the price of subsidized cooking gas, LPG was hiked by Rs 7 per cylinder. The increase in the cost of the LP cylinders was taken as a part of government’s decision of making price hike every month in order to eliminate the subsidy on LPG by the March 2018.
Over 18.11 crore customers are using subsidised LPG cylinders for domestic purpose across India out of which 2.6 crore are the underprivileged women who were using traditional cow dung hand made fuels in their kitchen. The government of India had last year started giving free connections to these underprivileged women with subsidised rates of domestic LPG under the Pradhan Mantri Ujjwala Yojna. However, today there is about 2.66 crore non-subsidised LPG users across India too.
LPG Cylinder price hiked by Rs 7
As per the Indian Oil Corporation, the domestic LPG cylinder, which earlier used to cost Rs 479.77 in Delhi will now cost Rs 487.18 after the price hike. A month ago, on August 1, the LPG cylinder rate was increased by Rs 2.31 per cylinder. Ever since the government has enforced the policy of increasing LPG rates every month, the rate of the subsidised LPG cylinders has soared high as much as of over Rs 68 per cylinder. In June 2016, a 14.2-kg LPG cylinder for domestic use was available at the cost of Rs 419.18.
Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) are ordered to hike the prices of the subsidised domestic LPG cylinders by Rs 2 per month + VAT. According to the subsidised rate of the LPG cylinders ordered by the government of India, 12 domestic LPG cylinders are entitled to every household annually. Those who require more than 12 cylinders can buy it at non- subsidised market price.
Aviation turbine fuel also increased by 4 per cent
In the wake of increasing the fuel prices, the oil companies have also hiked the aviation turbine fuel (ATF) or Jet Fuel rates by 4 per cent. The ATF price hike has been made Rs 1,910 more than what it was earlier. Till yesterday, the ATF was Rs 48,110 but today it has now increased to Rs 50,020 per kilolitre. Prices for kerosene sold via Public Distribution System (PDS) is also increased by 25 paise per litre.