New Delhi: The price of domestic liquified petroleum gas (LPG) cylinders have been increased yet again in four metro cities.
In a notification issued on Thursday, state-run oil marketing companies (OMCs) said non-subsidised liquified petroleum gas by Rs 25 in all metro cities.
Following the fresh hike, the price of LPG per 14.2 kg cylinder increased to Rs 719 in Delhi and Mumbai. In Kolkata, the price of LGP cylinder has gone up to Rs 745.50 after the fresh hike, while it will now cost Rs 735 in Chennai.
The hike in non-subsidised LPG cylinder prices comes after a pause of a month.
In December 2020, prices were hiked by Rs 100 in Delhi in two consecutive hikes.
Oil marketing companies usually revise the price of LPG cylinders depending on the International benchmark rate of LPG and the US dollar and rupee exchange rate.
It may be noted that the domestic LPG cylinders are sold at the market price in the country, following which the Centre transfers a subsidy to eligible individuals directly into the bank account of eligible consumers.
The subsidy quota is 12 cylinders of 14.2 kg per year.