Big disappointment for public day after Diwali! LPG cylinder prices hiked by over Rs 2
Just a day after Diwali, the common man has received yet another bad news, this time it is all about his cooking gas. It has been announced that Domestic cooking gas, LPG cylinder price has been hiked by over Rs 2!
Just a day after Diwali, the common man has received yet another bad news, this time it is all about his cooking gas. It has been announced that Domestic cooking gas, LPG cylinder price has been hiked by over Rs 2! The reason behind it is that the government has increased the commission paid to LPG dealers.
Oil Ministry has ordered the hike in dealers' commission. In that order, the ministry said the domestic LPG distributors' commission for 14.2-kg cylinder and 5-kg cylinder was last fixed at Rs 48.89 and Rs 24.20 respectively in September 2017.
According to a price notification of state-owned fuel retailers, now, Delhiites will have to pay Rs 507.42 for 14.2-kg subsidised LPG cylinder earlier it was Rs 505.34 respectively.
In Mumbai, a 14.2-kg LPG cylinder now costs Rs 505.05 while in Kolkata it is priced at Rs 510.70. Whereas in Chennai LPG price is of Rs 495.39. Local taxes and transportation cost are different so the rate of LPG gas will also be different from state to state.
The official statement says that, "Pending finalisation of De-Novo Study for revision of LPG distributors' commission and taking into consideration the increase in transportation costs, wages etc, it has been decided to revise the distributors' commission to Rs 50.58 per 14.2 kg cylinder and Rs 25.29 per 5 kg cylinder as an interim measure."
The ministry order said that the new dealer's commission will be made up of Rs 30.08 establishment charges and Rs 20.50 delivery charges for a 14.2-kg cylinder and for 5 kg cylinder, the establishment charges have been fixed at Rs 15.04 and the rest Rs 10.25 are delivery charges.
Watch This Zee Business Video Here:
So if you collect the refills directly from distributor's premises you will not be charged extra amount. The price extension is nothing but the delivery charge which is charged by the LPG dealers on delivery of LPG cylinders.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
80% return in one year: Brokerage suggests buying this Maharatna PSU stock for 2-3 days, check target
Lok Sabha elections 2024 Phase 4: Voting date, timing, states, union territories, seats, key candidates and constituencies | LS Polls
5 investment schemes that provide monthly pension to senior citizens fixed deposit fds savings scss guaranteed return atal pension yojana post office monthly income swps mutual fund
HPCL dividend 2024: OMC Hindustan Petroleum Corporation announces Rs 16.50 dividend, check record date
Akshaya Tritiya bank holiday or not Basava Jayanti 2024 festival date Banks closed or open tomorrow may 10 friday check out state-wise full list
06:27 PM IST