Source: News Bharati English02 Mar 2017 10:15:05
New Delhi, March 2: Central government on Wednesday increased the price of the non-subsidised cylinder by Rs 86 per cylinder with the surge in LPG prices across the globe. This hike in the prices of L.P.G will effect from March 1, 2017, and those who given up LPG subsidy on a voluntary basis and whose LPG subsidy was removed under Rs.10 lakh cap will be burdened.
Notably, this hike is reported to be the steepest cost escalation of cooking gas cylinders in India’s history. However, Government clarified that the price rise would not adversely affect the subsidised consumers. In order to keep the net amount spent by subsidised consumers in check, the amount of subsidy has been increased.
The non-subsidised LPG cylinders of 14.2 kg, would now cost Rs 737.50, up from Rs 651.50. The hiked price would be levied on those consumers who have either given up the subsidy provided by Centre, or exhausted their quota of 12 LPG cylinders per year.
Ministry of Petroleum & Natural Gas said, “With effect from 1st March 2017, the non-subsidised price of LPG cylinder has increased by Rs.86. This is in line with the rise in global LPG product prices. However, there will be no impact on the LPG consumers receiving subsidised refills.”
However, the rate of LPG cylinders has been continuously increased in a marginal manner since late 2016. Between October to February (2017), the price of cooking gas was hiked by Rs 2 on eight occasions. On February 1, the cost was further increased by 9 paise.