LPG price alert! Cooking gas gets expensive by Rs 15.5 per cylinder

The market-priced or non-subsidised cooking gas (LPG) price has been increased once again, oil firms said in a price notification. This time, the price has been hiked by Rs 15.5. After the implementation of the new order, LPG price in the country would be Rs 590 instead of Rs 574.5. However, the hike is only applicable on non-subsidised LPG and the cosumers will have to pay the same to buy cylinders after exhausting their annual quota of 12 cylinders of 14.2-kg at subsidised rates. 

In a relief, the jet fuel price on Sunday was cut by about 1 per cent to a four-month low on softening international oil prices, according to state-owned fuel retailers. Aviation Turbine Fuel (ATF) price in Delhi was cut by Rs 596.62 per kilolitre or 0.9 per cent, to Rs 62,698.86 per kl. This is the third straight monthly price reduction.

Jet fuel prices were last cut by 5.8 per cent or Rs 3,806.44 per kl on August 1. The ATF prices are revised by the state-owned fuel marketing companies on the 1st of every month based on average of benchmark international oil price in the previous month. In Mumbai, ATF price was cut to Rs 61,199.79 per kl from Rs 62,712.17.Reduction in ATF rates will bring relief to cash strapped airlines.

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Apart from this, kerosene price continues to grow by 25 paise per litre for 26th month in a row. While Delhi has been declared a kerosene-free city after LPG penetration reached 100 per cent of the population, the subsidised fuel in Mumbai now costs Rs 33.27 per litre as compared to Rs 32.97 a litre last month.

Kerosene has witnessed a hike of 25 paise per litre every month since July 2016 with a view to eliminating subsidy on the cooking fuel. Before the implementation of this 25 paise hike, the fuel was priced at Rs 15.02 per litre in Mumbai. Meanwhile, the non-subsidised or market-priced kerosene rate was cut to Rs 66,587.40 per kl (Rs 66.58 per litre) in Mumbai from Rs 66,693.60 per kl (Rs 66.69 per litre) in June.

At the current rate, it would take another two years to eliminate the entire subsidy on kerosene.