 "Steepest hike ever: Non-subsidised LPG rates raised by Rs 86 per cylinder")
State-run oil marketers raised the price of non-subsidised cooking gas (LPG) by a steep Rs 86 per cylinder effective from Wednesday.
"With effect from March 1, 2017, non-subsidised price of LPG cylinder has increased by Rs 86. This is in line with the rise in global LPG product prices," a Petroleum Ministry statement here said.
Non-subsidised LPG, which customers buy after exhausting their subsidised quota of 12 cylinders in a year, will now cost Rs 737.50 in Delhi for a 14.2 kg cylinder.
Oil companies also raised price of subsidised cooking gas by a marginal 13 paisa to Rs 434.93 per 14.2 kg cylinder in Delhi.
The rates of aviation turbine fuel (ATF), or jet fuel, were also raised by Rs 214 per kilolitre to Rs 54,293.38 per kl in Delhi. Rates vary at airports as per local taxes.
Oil marketers revise rates of ATF and cooking gas on the 1st of every month based on oil price and foreign exchange rate in the preceding month.
bc/vd
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app