The Prices of LPG Got Hiked
This is the sixth time that the non-subsidized LPG cylinder prices are hiked up in the recent past. The LPG cylinder prices are increased by Rs.144.5 from Wednesday.LPG price was increased to Rs.858.50 per 14.2 kg cylinder from Rs.714 previously, according to a price notification of state-owned oil firms. This increase is will give a hard time to a common man as it will burn their pockets. The last increase was recorded on January 1 by Rs.19.
As per state-owned Indian Oil, which supplies over 30 lakh cylinders across India every day, the price of a 14.2 kg LPG cylinder in Delhi has risen to Rs 858.5 from Rs 714 on January 1. The new price in Kolkata stands at Rs 896, a sharp rise of Rs 149. In Mumbai, a non-subsidized LPG cylinder will cost Rs 829.5 from Rs 684.50 earlier. An LPG cylinder will cost Rs 881 in Chennai now, which is up from Rs 734 earlier.
Indane Gas, which delivers cylinders to 11 crore households in India, also revises the price of LPG every month, depending on the foreign exchange rate and the international benchmark rate of the fuel. However, these changes are effected on the 1st of every month usually and not towards the middle.
Congress Ex-President takes a charge On this Decision by the Government. He posted a tweet on twitter with using #Rollbackhike and posted one picture of Smriti Irani
Hike in rail fares, price of LPG cylinders will put common man into deeper financial crisisIndian National Congress
The central government provides 12 subsidized cylinders per year to each household. To insulate the domestic users the government has almost doubled the subsidy to relieve them with such high rates. The tax on LPG changes every month depending on the international LPG rate. But the non-subsidized cylinders have no such protection. Those buying these cylinders will pay the price plus the Goods and Service Tax (GST) on market price.