Business Desk: Inflation has hit the general public once again. Oil companies have increased the prices of domestic LPG cylinders, after which the price of 14.2 kg LPG cylinders without subsidies has increased from Rs 769 to Rs 794. LPG cylinder prices have been increased for the third time in February.
The increased prices are applicable from today, the increased prices have come into force from
25 February 2021 today. The government had increased the LPG price by Rs 25 on February 4. After that on February 15, the price of one cylinder was increased by Rs 50. And now this is the third time when again 25 rupees have been raised. LPG cylinder prices had increased twice in December. On December 1, its rate was increased from Rs 594 to Rs 644, and then on December 15, it was once again raised to Rs 694.
Oil companies review prices:
Tell us that oil companies review the prices of LPG cylinders every month. The tax varies from state to state and the price of LPG varies accordingly. Usually companies revise the prices of LPG on the first date of every month and make their information public, but this month prices were revised three times.
The government provides subsidy on gas cylinders.
Currently, the government provides subsidy on 12 cylinders of 14.2 kg for each household in a year. If customers want to take more cylinders than this, then they buy them at market price. The price of a gas cylinder varies every month. Its prices determine factors such as average international benchmarks and changes in foreign exchange rates.
In this way, you can check the price of LPG to
check the price of LPG cylinder. You have to go to the website of the government oil company. Companies here issue new rates every month. (https://iocl.com/Products/IndaneGas.aspx) On this link you can check the price of your city gas cylinder