LPG prices doubled in 7 years

BusinessLPG prices doubled in 7 years

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LPG prices doubled in 7 years

New Delhi: Domestic LPG prices have doubled to Rs 819 per cylinder in the last seven years. While the increase in tax on petrol and diesel has increased the collection by more than 459 percent. Oil Minister Dharmendra Pradhan gave this information on Monday. Answering questions on rising oil prices in the Lok Sabha, Pradhan said in written reply that the retail sale price of domestic gas was Rs 410.5 per 14.2 kg cylinder on 1 March 2014. The price of the cylinder has reached Rs 819 this month.

Pradhan said that the price of domestic subsidized cylinder has increased during the last few months. It was priced at Rs 594 per cylinder in December 2020 and is now priced at Rs 819. Similarly, the price of kerosene sold to the poor through Public Distribution System (PDS) has increased from Rs 14.96 per liter in March 2014 to Rs 35.35 this month.

Petrol and diesel prices are also at their record levels across the country. The rates, which depend on the state to state local sales tax (VAT), are currently Rs 91.17 per liter for petrol and Rs 81.47 per liter for diesel.

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