In steepest hike ever, non-subsidised LPG dearer by Rs 86 a Cylinder

TIL Desk/Business/New Delhi-The price of non-subsidised cooking gas (LPG) was hiked by a steep Rs 86 per cylinder on Wednesday, reflecting international trends. 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. Rates 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

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.Prior to these two marginal price hikes, subsidized cooking gas rates had gone up eight times of nearly Rs 2 per cylinder each.