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LPG price up by Rs 220 per cylinder on non-subsidised cyliner

Today on firming international rates the price of non-subsidised cooking gas (LPG), which customers buy after consuming their quota of subsidised cylinders, was hiked by a steep Rs 220 per bottle.This is the third increase in non-subsidised LPG rates in the past month. The price was hiked by Rs 63 a cylinder to Rs 1,017.50 on December 1. It was increased by a further Rs 3.50 to Rs 1,021 on December 11, when the government raised the commission for LPG dealers and distributors.The 14.2-kg cooking gas cylinder that consumers buy beyond their entitled nine bottles at subsidised rates, will now cost Rs 1,241, up from Rs 1,021 in Delhi, state-owned fuel retailers said.In September 2012 the government had capped the supply of subsidised domestic LPG cylinders to six per household in a year. The quota was raised to nine bottles per household in a year in January 2013.

Any requirement above this limit has to be purchased at market rates. There is no restriction on the number of non-subsidised cylinders that a consumer can buy.State-owned oil companies revise rates of non-subsidised LPG on the 1st of every month, based on the average imported cost and rupee-US dollar rate during the previous month.A subsidised, 14.2-kg cylinder of LPG costs Rs 414 in Delhi. Officials said state-owned oil firms currently lose Rs 762.70 per cylinder on the sale of subsidised LPG.Non-subsidised LPG rates in Mumbai have been increased to Rs 1,264.50 per cylinder from Rs 1,038.International LPG rates have firmed up due to increased winter heating demand, they said.

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