subsidi silinder bottle rate increased look news report abp asmita

Non-subsidised LPG, bought by those who have either given up their subsidies or exhausted the quota of 12 bottles of 14.2-kg in a year at below market price, will now cost Rs 737.50.It was priced at Rs 651.50 per 14.2-kg cylinder till Tuesday, according to state-owned oil companies.The hike, steepest in the history, comes on back of Rs 66.5 per cylinder increase effected from February 1.

In what seems to be a blow to the middle class households, the price of non-subsidised cooking gas (LPG) was hiked to Rs. 86 per cylinder on Wednesday, after crude oil fell for the third straight sessionNon-subsidised LPG, bought by those who have either given up their subsidies or exhausted the quota of 12 bottles of 14.2-kg in a year at below market price, will now cost Rs. 737.50.
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It was priced at Rs. 651.50 per 14.2-kg cylinder till yesterday, according to state-owned oil companiesThe hike, steepest in the history, comes on back of Rs. 66.5 per cylinder increase effected from February 1Rates have been on the upswing since October, 2016. A non-subsidised LPG cylinder was priced at Rs. 466.50 in Delhi in September and has risen by Rs. 271 per bottle or 58 per cent in six instalments.Oil firms also raised price of subsidised cooking gas by a marginal 13 paisa to Rs. 434.93 per 14.2-kg cylinder. This follows a 9 paise increase effected from February 1.

However, the Government issued a clarification, saying, “there will be no impact on the LPG consumers receiving subsidized refills. To illustrate with an example, the consumer will pay Rs.737 for a new refill in Delhi w.e.f. 1st March, 2017 and will receive subsidy amount of Rs 303 in his/her account and the net price for the consumer will be Rs.434, which remains unchanged.”

The rate of LPG cylinders have been continuously hiked in a marginal manner since late 2016. Between October to February (2017), the price of cooking gas was hiked by Rs 2 on eight occasions. On February 1, the cost was further increased by 9 paise.

While the prices of non-subsidised cylinders are on an upswing, Prime Minister Narendra Modi has been promoting his campaign of ‘Give it up’. According to the data released by Ministry of Petroleum and Natural Gas in 2016, 11.3 million consumers have given up their subsidy, saving the exchequer nearly Rs 1,080 crores. “The large heartedness of my countrymen has allowed the Government to save massive amount of money. And this amount of money is being used by the government to provide cooking gas cylinders to maximum number of households,” Prime Minister
 Narendra Modi said.

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