LPG to now cost Rs 1093.5 here
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OSR/NDTV
IMP/NEW DELHI, Jun 7 : Domestic cooking gas price has been raised by Rs 29 per cylinder, marking the second increase in three months as State-owned fuel retailers continue to grapple with elevated global energy costs.
With this hike, the price of a domestic LPG (14.2 kg) cylinder in Manipur has increased to Rs 1,093.50, up by Rs 29 from the previous price of Rs 1,064.50.
Even as the price of a commercial LPG (19 kg) cylinder remains unchanged at Rs 3,599, the price of a 5 Kg LPG cylinder has also been raised by Rs 10 (now Rs 404).
Meanwhile, the price of a 14.2-kg domestic LPG cylinder in Delhi has been increased from Rs 913 to Rs 942, effective June 7, according to industry sources.
The increase follows a Rs 60-per-cylinder hike on March 7 after the conflict in the Middle East disrupted global energy supplies and drove up international fuel prices. Industry sources said that the increase had only partly offset losses incurred on domestic LPG sales.
State-run oil marketing companies were estimated to be losing about Rs 703 on every LPG cylinder sold before the latest revision, the sources said.
The LPG price hike comes amid a broader round of fuel price increases.
Petrol and diesel prices have been raised by a cumulative Rs 7.50 per litre since mid-May, while compressed natural gas (CNG) rates have increased by about Rs 6 per kg.
Despite the recent increases, oil companies continue to sell petrol and diesel below cost, incurring losses of around Rs 11 per litre on petrol and Rs 33.6 per litre on diesel, according to industry sources.
The Government has so far avoided a full pass-through of higher international energy prices to consumers, absorbing part of the increase through State-owned fuel retailers as global crude oil and fuel markets remain volatile.
IMP/NEW DELHI, Jun 7 : Domestic cooking gas price has been raised by Rs 29 per cylinder, marking the second increase in three months as State-owned fuel retailers continue to grapple with elevated global energy costs.
With this hike, the price of a domestic LPG (14.2 kg) cylinder in Manipur has increased to Rs 1,093.50, up by Rs 29 from the previous price of Rs 1,064.50.
Even as the price of a commercial LPG (19 kg) cylinder remains unchanged at Rs 3,599, the price of a 5 Kg LPG cylinder has also been raised by Rs 10 (now Rs 404).
Meanwhile, the price of a 14.2-kg domestic LPG cylinder in Delhi has been increased from Rs 913 to Rs 942, effective June 7, according to industry sources.
The increase follows a Rs 60-per-cylinder hike on March 7 after the conflict in the Middle East disrupted global energy supplies and drove up international fuel prices. Industry sources said that the increase had only partly offset losses incurred on domestic LPG sales.
State-run oil marketing companies were estimated to be losing about Rs 703 on every LPG cylinder sold before the latest revision, the sources said.
The LPG price hike comes amid a broader round of fuel price increases.
Petrol and diesel prices have been raised by a cumulative Rs 7.50 per litre since mid-May, while compressed natural gas (CNG) rates have increased by about Rs 6 per kg.
Despite the recent increases, oil companies continue to sell petrol and diesel below cost, incurring losses of around Rs 11 per litre on petrol and Rs 33.6 per litre on diesel, according to industry sources.
The Government has so far avoided a full pass-through of higher international energy prices to consumers, absorbing part of the increase through State-owned fuel retailers as global crude oil and fuel markets remain volatile.