Double attack of Inflation in India; after fuel, prices of LPG cylinder soar high

New Delhi, June 1: Amidst continuous hike in fuel prices, on Friday the prices for LPG cylinder got increased by Rs 2.34 and Rs 48 for subsidised and non-subsidised cylinders respectively.

 

However, the increase in the price of LPG cylinder has given a major blow to common people who were already burdened with high fuel prices. The new price for subsidised (Rs./14.2 Kg) cylinder in Delhi is Rs 493.55, while that of non-subsidised cylinder is Rs 698.50.

The new rates for subsidised cylinder are Rs 496.65 in Kolkata, Rs 491.31 in Mumbai and Rs 481.84 in Chennai respectively. On the other hand, the new prices for non-subsidised cylinder are Rs 723.50 in Kolkata, Rs 671.50 in Mumbai and Rs 712.50 in Chennai. The hike in prices of LPG came into effect from 1 June.

Interestingly, the increase in LPG prices comes at a time when fuel prices are already soaring high. The fuel prices were on Friday reduced marginally for the third day after it remained high for 16 straight days. On Friday, petrol prices were cut by 6 paise and diesel prices by 5 paise per litre. In Delhi, petrol now costs Rs 78.29 per litre, while diesel price has been revised to Rs 69.20 a litre.