New Delhi: The price of non-subsidised cooking gas liquefied petroleum gas (LPG) was hiked by a steep Rs86 per cylinder on Wednesday, reflecting international trends.
Non-subsidised LPG, bought by those who have either given up their subsidies or exhausted the quota of 12 bottles of 14.2-kg in a year at below market price, will now cost Rs737.50. It was priced at Rs651.50 per 14.2-kg cylinder till Tuesday, according to state-owned oil companies.
The hike, steepest in the history, comes on back of Rs66.5 per cylinder increase effected from 1 February. Rates have been on the upswing since October, 2016. A non-subsidised LPG cylinder was priced at Rs466.50 in Delhi in September and has risen by Rs271 per bottle or 58% in six instalments.
Oil firms also raised price of subsidized cooking gas by a marginal 13 paisa to Rs434.93 per 14.2-kg cylinder. This follows a 9 paise increase effected from 1 February. Prior to these two marginal price hikes, subsidised cooking gas rates had gone up eight times of nearly Rs2 per cylinder each.