LPG cylinder price hiked for the second month. Check latest rates
NEW DELHI : The price of LPG cylinders rose for the second consecutive month today. Following a price hike of ?15 per cylinder, a 14kg non-subsidised LPG cylinder now costs ?605 in Delhi, ?630 in Kolkata, ?574.50 in Mumbai and ?620 in Chennai. The new prices are effective from today as state-run fuel retailers announce new pricing of LPG cylinders at the beginning of every month.
Last month too, the prices were increased similarly by ?15.50 per cylinder. Oil marketing companies calculate the retail price of LPG cylinders by taking into account two primary factors - international benchmark rates and the exchange rate of US dollar and rupee.
Shortage of LPG cylinders?
Following drone attacks on Saudi Arabia's oil facilities two weeks ago, there were reports of India's LPG supply getting hit. Fuel companies have, however, refuted such reports.
"There are media reports of a possible LPG cooking gas crunch in the country in the festive season ahead. The oil marketing companies (OMCs) would like to clarify that, contrary to such reports, they are fully equipped to meet the enhanced LPG demand through both indigenous sources as well as imports," Indian Oil said.
It said that while all LPG suppliers, including Saudi Aramco, are standing by their commitment to dispatch agreed quantities, indigenous supplies have also been stepped up and additional cargoes being arranged to meet the enhanced demand in the festive period.
"The OMCs stand by their commitment of providing uninterrupted supply of LPG cooking gas to their valued customers, particularly in the ensuing festive season," Indian Oil said.