In the steepest hike since 2014, the state-owned oil marketing companies on Wednesday raised the price of non-subsidised 14.2 KG cooking gas cylinder by Rs 144.50 per cylinder to Rs 861.50 in Bangalore, Rs 858.50 in Delhi and Rs a sharp Rs 881 in Chennai.
However, to insulate the domestic consumers, the Centre almost doubled the subsidy amount per cylinder to Rs 291 per cylinder from the earlier Rs 153 per refill.
The government subsidises 12 cylinders for each household per year by providing a direct subsidy.
This is the sharpest upward revision in cooking gas prices since January 2014, when they were increased by Rs 220 per cylinder, which came a day after the parliament’s budget session came to a halt.
