Your subsidised gas cylinder dearer by Rs 2

Chennai: 

The price of your gas cylinder has gone up by Rs 2 in Chennai as part of Union government’s move to eliminate all subsidies by March next year.

The gas cylinder which cost you Rs 465.56 last month has now been priced Rs 467.35.

However, the good news is that the price of non-susidised cylinder has come down by Rs 41. The price of non-subsidised cylinder, which was Rs 574 last month, is now priced at Rs 533.  

Indian Oil Corporation sources said the government has recently ordered state-run oil companies to raise subsidised cooking gas (LPG) prices by Rs. 4 per cylinder every month.

This comes as public sector oil marketing companies (OMCs) were authorised to increase price of subsidised domestic LPG cylinder by Rs. 2 per cylinder (14.2-kg) per month (excluding VAT) with effect from July 1, 2016. Oil companies had hiked LPG rates on several occasions since then

Interestingly, the price of subsidised gas cylinder has been rising continuously from November 2016 till July 1, 2017. The steepest hike was of Rs 31 in the month of July when the price was increased from Rs 434.15 to Rs 465.56.

There are as many as 18.11 crore customers of subsidized LPG in the country. These include 2.5 crore poor women who were given free connections during the last one year under the Pradhan Mantri Ujjwala Yojna. There are another 2.66 crore users of non-subsidised cooking gas.