Union Oil Minister Hardeep Singh Puri on Monday, April 7, announced a Rs 50 hike in the price of domestic LPG cylinders. This price increase applies to both subsidised and non-subsidised customers.
For Ujjwala beneficiaries, the price of a 14.2 kg LPG cylinder will rise from Rs 500 to Rs 550, while for non-Ujjwala users, the price will increase from Rs 803 to Rs 853.
“The price per cylinder of LPG will increase by Rs 50. From 500, it will go up to 550 (for PMUY beneficiaries) and for others it will go up from Rs 803 to Rs 853. This is a step which we will review as we go along. We review these every 2-3 weeks. Therefore, the excise duty that you have seen increase is not to go on to the consumer on petrol and diesel. That excise increase is intended to compensate the oil marketing companies for Rs 43,000 crore that they have incurred as a loss on the gas part of it,” Suri said.
He added, “This Rs 50 increase per cylinder will be for the Ujjwala beneficiary and overall for the non-Ujjwala beneficiary as well. This will be reviewed after every 15-30 days. In the case of petrol and diesel, if this trend remains, then the price is likely to be revised.”
