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LPG cylinder gets dearer by Rs 11.42

Oct 07 2012, 01:29 IST
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SummaryThe price of cooking gas was Saturday hiked by Rs 11.42 per cylinder following the government’s decision to raise the commission paid to dealers

The price of cooking gas was Saturday hiked by Rs 11.42 per cylinder following the government’s decision to raise the commission paid to dealers. Petrol and diesel prices may also go up marginally as the Oil Ministry is considering raising dealers’ commission for the two fuels by at least 23 paise and 10 paise a litre respectively.

The Ministry on Friday issued orders for raising the commission paid to LPG dealers from Rs 25.83 to Rs 37.25 for a 14.2-kg cylinder, government officials said. The 44 per cent increase in the commission on the subsidised cooking fuel is being passed on to the consumers, they said. For the consumer, subsidised LPG in Delhi will now cost Rs 410.42 per cylinder, up from Rs 399.

The hike comes within weeks of the government decision to restrict supply of LPG to 6 cylinders of 14.2-kg size per household in a year. Remaining supplies would have to be sourced at market rates.

Officials said the commission paid on market price or non-subsidised LPG too has been raised by Rs 12.17 to Rs 38 per cylinder. In tune with this, the price for a non-subsidised LPG cylinder will go up from Rs 883.5 to Rs 921.5.

Pranab would not have agreed: TMC

Trinamool Congress leader Subrata Mukherjee claimed that had Pranab Mukherjee been Finance Minister, he would not have accepted the "anti-people" reforms. "Pranab Mukherjee was made the President because had he been the finance minister, he would not have accepted these decisions. He was made President as a strategy," he said.

‘Hike very bad, sad’

Mamata Banerjee said the LPG hike “is very bad, very sad. “Do you know how many times prices have been increased during UPA II, affecting interests of common people?” she wrote on her Facebook page. ENS

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