LPG Price Hiked By Rs 50 Per Cylinder: Oil Minister Hardeep Singh Puri

 

Cooking gas price has been hiked by Rs 50 per cylinder, said Petroleum Minister Hardeep Singh Puri on Monday. With this, the price of a 14.2-kg LPG cylinder will increase from Rs 803 to Rs 853 for general users and from Rs 503 to Rs 553 per 14.2 kg cylinder for users under the Ujwalla scheme.

“The Rs 50 increase per cylinder is for both Ujwalla beneficiaries and non-Ujwalla beneficiaries. This will be reviewed every 15 days or one month whichever is the system," Puri said on Monday while briefing the media about the decision.

It is important to note that the rate of 14.2-kg domestic LPG cylinders remained unchanged since August 2024 until now.

On April 1, in a relief to people in the new financial year, oil marketing companies reduced the price of commercial LPG cylinders. The price of a 19-kg commercial LPG cylinder was slashed by Rs 41. In the national capital, Delhi, the revised retail selling price now stands at Rs 1,762 per cylinder.

Meanwhile, the central government on Monday also raised the excise duty on diesel and petrol by Rs 2 per litre on Monday, April 7. The changes will come into effect from Tuesday. The excise duty on petrol was increased to Rs 13 per litre and that on diesel to Rs 10, the order said.

However, Puri said, “You would have seen a notification from the Ministry of Finance saying that the excise rates are going up by Rs 2 on petrol and diesel. Let me clarify upfront on the record, this will not be passed on to the consumer."

He added that the international price of crude came down to around $60 a barrel, but please remember that our oil marketing companies carry inventories over a 45-day period. If you go back to January, the crude price then was $83, which came down subsequently to $75. So the crude inventory that they’re carrying is at $75 on average per barrel…You can legitimately expect prices of petrol and diesel to be moderated by the oil marketing companies in keeping with the global price. In a deregulated sector, you can expect them to accordingly adjust the market retail price.