Domestic LPG cylinder prices increased by 25 rupees for the second consecutive month. The cost of a 14.2 kilogram LPG gas cylinder for cooking has risen to 859.50 rupees in Delhi after the hike.
LPG cylinder prices were increased by 25.50 rupees across the country. (Photo: PTI)
The price of domestic liquefied petroleum gas (LPG) cylinders was increased by 25.50 rupees. A 14.2-kilogram cylinder costs 859.50 rupees in Delhi after the new hike. Domestic liquefied gas cylinder prices have increased by the same amount in other parts of the country.
Oil companies have raised domestic cooking gas prices for the second month in a row. The price was hiked from Rs 25 on July 1st. Therefore, domestic LPG gas prices were increased by 50 rupees in two months.
Since the beginning of this year, the prices of domestic gas cylinders for cooking have increased by 165 rupees apiece.
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Higher prices on LPG bottles are likely to hurt citizens as the government gradually cut support after the LPG subsidy was abolished last May. With negligible subsidies, the majority of consumers pay high prices for cooking gas.
THE CITIZENS WEAR THE BRUNTE
The increase in the price of fresh cooking gas will put more pressure on citizens who are currently facing the effects of high gasoline and diesel prices.
Continuous price increases for cooking gas have already affected many poor households and could significantly reduce the demand for cooking gas. Reports from several states indicate that LPG sales have declined due to higher prices.
Several consumers are also switching to electric cooking options or commercialized gas lines, which are cheaper when compared to buying liquefied gas cylinders.
However, not all families have the option to switch to cheaper options and are currently bearing the burden of high LPG prices.
Government efforts to provide poorer households with easier access to LPG connections – under the Pradhan Mantri Ujjwala Yojana (PMUY) – could also suffer from the rise in prices. The second stage of the PMUY was recently appointed by Prime Minister Narendra Modi. brought to life.
In addition to high cooking gas prices, citizens in all parts of the country also pay record prices for gasoline and diesel. According to experts, the combined rise in oil prices could lead to a sharp rise in inflation.
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