LPG gas cylinder prices were hiked by up to Rs. 94 per unit (14.2 kilograms) earlier this month. Effective November 1, non-subsidized LPG rates in the four metro cities are higher by Rs. 93-94 per cylinder compared to previous prices.
After latest revision, non-subsidized LPG retails at Rs. 742 in Delhi, Rs. 759.5 in Kolkata, Rs. 718.5 in Mumbai and Rs. 750 in Chennai on a per cylinder (14.2 kg) basis, according to Indian Oil Corporation. That compares with LPG cylinder prices of Rs. 649, Rs. 665.5, Rs. 625 and Rs. 656.5 per unit respectively before the latest round of revision.
Non-subsidized LPG cylinder rates
Therefore, from this month, consumers in Delhi have to shell out an additional Rs. 93 per cylinder for non-subsidized LPG. Similarly, in Kolkata, non-subsidized LPG rate has risen by Rs. 94 per cylinder. In Mumbai and Chennai, the non-subsidized LPG prices have increased by Rs. 93.5 per cylinder.
Subsidized LPG gas cylinder price
Subsidized LPG cylinder rates in the four metro cities are Rs. 495.69 per cylinder in Delhi, Rs. 498.43 in Kolkata, Rs. 498.38 in Mumbai and Rs. 483.69 in Chennai, Indian Oil Corp – the largest fuel retailer in the country – said on its website.
That compares with the subsidized LPG rates of Rs. 491.13, Rs. 493.83, Rs. 493.8 and Rs. 479.11 per cylinder before the latest round of revision. Therefore, subsidized LPG cylinder prices effective November 1 are higher about Rs. 4.6 per cylinder (14.2 kg) compared to previous rates.
Every household in the country is entitled to 12 cylinders of 14.2-kg each at subsidized rates in a year. Any requirement beyond that is to be purchased at market price (non-subsidized LPG rates).
Petrol prices were increased by around 13-15 paise per litre on Monday. In the metro cities, petrol retailed at Rs. 69.69 per litre in Delhi, Rs. 72.44 per litre in Kolkata, Rs. 76.79 per litre in Mumbai and Rs. 72.23 in Chennai effective 6 am November 6, according to the IOC website. The previous day, petrol retailed at Rs. 69.55, Rs. 72.31, Rs. 76.65 and Rs. 72.08 per litre respectively.
Daily petrol, diesel revisions
Petrol and diesel rates are revised at 6 am daily. Oil retailers adopted a daily price revision system from June 16, 2017, to immediately pass on any movement in international oil prices to consumers and avoid sharp spikes by spreading them in small doses.