The price of a domestic LPG cylinder in Delhi was hiked by Rs 93 per cylinder on Tuesday evening. After the hike, a 14 kg domestic LPG cylinder will cost Rs 742 per cylinder in Delhi.
Correspondingly, the 19 kg commercial cylinder will now cost Rs 1310.50 in the capital.
The price of subsidised domestic LPG cylinders too was hiked by Rs 4.56 per cylinder. The effective price of a 14 kg domestic cylinder in Delhi will now be Rs 495.69. This rose from Rs 491.13per cylinder.
Also, jet fuel or ATF prices were increased by 2 per cent on firming international rates, the fourth straight increase in prices since August, according to a price notification posted by state-owned retailers.
The government had last year asked the state-run oil firms to hike prices every month to eliminate all the subsidies by March next year.
Since the implementation of the policy of monthly increases from July last year, subsidised LPG rates have gone up by Rs 76.51 per cylinder. A 14.2-kg LPG cylinder was priced at Rs 419.18 in June 2016.
Every household is entitled to 12 cylinders of 14.2-kg each at subsidised rates in a year. Any requirement beyond that is to be purchased at market price.
Aviation turbine fuel (ATF) will now cost Rs 54,143 per kilolitre (kl) in Delhi, Rs 1,098 per kl more than Rs 53,045 previously, oil companies said.
This is the fourth consecutive monthly hike in ATF price, the last being 6 per cent (Rs 3,025 per kl) on October 1.
State-owned oil firms revise the rates of LPG and ATF on 1st of every month based on average oil price and foreign exchange rate in the previous month.
Initially, the hike in LPG rate was Rs 2 per month which was doubled to Rs 3 from May this year. Today’s hike in the LPG price is sixth since the May 30 order of the Oil Ministry to raise rates by Rs 4 per cylinder every month.
There are as many as 18.11 crore customers of subsidised LPG in the country. These include over 3 crore poor women who were given free connections during the last one year under the Pradhan Mantri Ujjwala Yojna. There are 2.66 crore users of non-subsidised cooking gas.