Oil companies wait to recover around Rs 4,500 cr from existing PMUY beneficiaries
At the price of Rs 819, LPG refills beyond the reach of most PMUY beneficiaries.
Price of domestic cooking gas, LPG has doubled to Rs 819 per cylinder in the last seven years while the increase in taxes on petrol and diesel has swelled collections by over 459 per cent, Oil Minister Dharmendra Pradhan said on Monday. In written replies to a spate of questions on rising fuel prices in the Lok Sabha, Pradhan said the retail selling price of domestic gas was Rs 410.5 per 14.2-kg cylinder on March 1, 2014. This month, the same cylinder costs Rs 819. Small price hikes over the past couple of years have eliminated subsidy on cooking gas as well as PDS kerosene. Pradhan said the price of domestic subsidised LPG has been raised during the last few months. It cost Rs 594 per cylinder in December 2020 and now is priced at Rs 819. Similarly, kerosene sold to the poor through the public distribution system (PDS) has risen from Rs 14.96 per litre in March 2014 to Rs 35.35 this month, he said. Petrol and diesel prices too are at an all-time high across the country. The rate
"It is totally wrong and unfair to trouble people, who are already facing problems because of the Covid-19 pandemic, unemployment and inflation"
Premium petrol touches Rs 100 in three states; LPG prices hit Rs 769 a cylinder
The price of LPG domestic cylinder in Delhi has been increased by Rs 50 per unit on Sunday
The steep fall in crude oil prices coupled with a gradual rise in the price of subsidised domestic LPG cylinders had brought relief to the Centre this year
14.2-kg LPG cylinder costlier by Rs 11.5; while ATF prices are revised once in 15 days, LPG prices change on a monthly basis
This is a third straight monthly reduction in the price of LPG cylinders and comes on the back of falling international rates
The rate of non-subsidised LPG was also reduced to Rs 805.50 per 14.2-kg cylinder from Rs 858.50 previously
It also said domestic consumers have been largely insulated from the hike by way of the large increase in subsidy
This is the second straight monthly increase in rates warranted due to firming up of prices in the international market
State-owned fuel marketing companies revise ATF prices on the 1st of every month based on average of benchmark international oil price in the previous month
Subsidised LPG rates now stand at Rs 496.14 per cylinder in New Delhi, Rs 499.29 in Kolkata, Rs 493.86 in Mumbai and Rs 484.02 in Chennai
Subsidised cooking gas consumers will get Rs 194.01 per cylinder subsidy in their bank accounts for the month of January
Oil firms revise LPG price on 1st of every month based on average benchmark rate and foreign exchange rate in the previous month
The price of subsidised LPG was last raised by Rs 4.50 per cylinder on November 1 to Rs 495.69
Subsidised LPG price has been hiked by Rs 4.50 per 14.2- kg cylinder to Rs 495.69.
This, to eliminate all subsidies by March next year, said Oil Minister Dharmendra Pradhan
Subsidised LPG now costs Rs 477.46 per 14.2-kg cylinder in Delhi. It was priced at Rs 419.18 in 2016