Non-subsidised LPG becomes more expensive from today

State-controlled
oil marketing companies on Wednesday sharply raised the price of non-subsidised
liquefied petroleum gas (LPG) cylinders, the sixth increase in as many months.
It is worth noting that non-subsidised LPG is the gas that consumers purchase
after finishing their quota of 12 cylinders of 14.2-kg at rates of about Rs
556.

As per
Indian Oil website, which supplies 30 lakh Indane brand LPG cylinders daily all
over the country, a 14.2 kg non-subsidised LPG cylinder is now priced at Rs
858.50 in Delhi, a huge jump of Rs 144.50 from its previous revision on January
1 this year.

 In Kolkata, LPG cylinder prices were raised by
Rs 149 to Rs 896. An LPG cylinder became costlier by Rs 145 to Rs 829.50 in
Mumbai and in Chennai by Rs 147 to Rs 881.

LPG prices
are revised every month based on the average international rate for benchmark
fuel and the foreign exchange rate of the US dollar and rupee in the preceding
month.

Many
analysts believe the decision to hike price would provide the government with
more resources to spend elsewhere in a year when revenue collections are tepid.
The new rates are effective from today. More details are awaited.