Domestic LPG Prices Rise by ₹29, Now at ₹942 in Delhi
Domestic LPG Price Hiked By Rs 29 Per Cylinder From Today, Rate In Delhi Hits Rs 942
Abp News
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Domestic cooking gas prices have increased by ₹29 per cylinder, with the new rate in Delhi now at ₹942. This hike is the second in three months, driven by high global energy prices and ongoing losses for state-owned oil retailers.
- 01The price of a 14.2-kg LPG cylinder in Delhi has risen from ₹913 to ₹942 as of June 7.
- 02This is the second price hike in less than three months, following a ₹60 increase on March 7.
- 03State-run oil companies were losing approximately ₹703 per cylinder before this increase.
- 04Despite the hikes, the gap between retail prices and procurement costs remains significant due to high international energy rates.
- 05Petrol and diesel prices have also increased by ₹7.50 per litre since mid-May, indicating a broader trend in fuel price hikes.
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The price of domestic cooking gas has been raised by ₹29 per cylinder, bringing the cost of a standard 14.2-kg liquefied petroleum gas (LPG) cylinder in Delhi to ₹942, effective June 7. This marks the second hike in under three months, following a ₹60 increase on March 7, attributed to geopolitical tensions that have disrupted energy supplies and elevated global fuel prices. According to reports, state-owned oil marketing companies were previously incurring losses of about ₹703 on each LPG cylinder sold. The latest price adjustment only partially addresses these losses, as the gap between retail prices and procurement costs remains substantial due to persistently high international energy rates. This LPG price hike occurs amidst a broader increase in fuel costs, with petrol and diesel prices rising by ₹7.50 per litre since mid-May and compressed natural gas (CNG) prices increasing by nearly ₹6 per kilogram. The government has not fully transferred the burden of higher international energy costs to consumers, resulting in ongoing financial strain for state-owned fuel retailers.
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The increase in LPG prices will directly affect household cooking costs for consumers in Delhi.
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