The petroleum companies increased the price of domestic LPG cylinders by ₹15 on Wednesday. This is the fourth straight increase in rates in less than two months. After the hike, the price of a non-subsidised 14.2 kg cylinder in Delhi is now ₹899.50. The new rate of 5kg cylinder is ₹502.
The rates of subsidised and non-subsidised LPG cylinders were hiked by ₹25 on September 1. The two main factors that determine the prices of LPG cylinders in India are the exchange rate of the rupee against the dollar and the global benchmark rate.
The government policy provides for the supply of 12 cylinders of 14.2kg each per household at subsidised or below-market rates. Any quantity over this has to be bought at market price or non-subsidised rates.
