Mumbai: LPG price sees steepest increase of Rs 700


Daijiworld Media Network (SR)

Mumbai, Jun 10: The price of domestic cooking gas (LPG) has increased by Rs 25 from last month, while petrol and diesel rates have fallen by up to Rs 2.5 in last 30 days.

With the increased price, now 14.2kg cylinder costs Rs 709.5. Though the prices of non-subsidised LPG cylinders had reduced to 630 in last February, it has again gone upwards, first to Rs 673 in March, then to Rs 678 in April, and Rs 684.5 in May.


As per TOI survey, a consumer from Mulund said "We gave up subsidy in the larger interest of the nation. Now we have to face the pinch of price hikes."After the 'Give Up Subsidy' campaign of Narendra Modi, more than a crore Indians gave up their concessions or they were withdrawn automatically in cases of high-income individuals.

However, the rate of subsidised LPG has gone up by just a rupee this month with a retail price of Rs 495 per cylinder. Though all LPG consumers buy the fuel at its market price, the government subsidises 12 cylinders of 14.2-kg each per household a year by providing the subsidy amount directly in the bank accounts of eligible users.

  

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Title: Mumbai: LPG price sees steepest increase of Rs 700



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