Hike in the cost of the LPG Cylinders, rises by RS 15

Hike in LPG Cylinder

Hike in LPG Cylinder

New Delhi: The hike in the price of the LPG cylinders, is another pinch for a common man, during this festive season.  The hike in the price of the cooking gas went up due to the surge in the international prices. The hike in the Liquefied Petroleum Gas (LPG), has gone up to RS 15, inside the country in the early morning hours of Wednesday by the Oil Marketing Companies.
 

The companies took the decision to raise the price of 14.2 KG cylinder, with an increase of subsidy of RS15. The price of the LPG cylinders are revised every month. The two of the main factors that are looked upon to determine the prices of the LPG cylinders are the exchange rate of the rupee against the dollars and the global benchmark rates which solely depend on the changes of the cost of the LPG cylinder. Now in the country’s capital Delhi and as well as in Mumbai, the cost of a single cylinder has raised from RS 884.50 to RS 899.50.  

The last time the hike in the price of the LPG was back on 1st September, as then the hike in the price reached up by RS25, per cylinder. The oil companies such as Indian Oil Corporation, and Bharat Petroleum Corporation and Hindustan Petroleum Corporation, furthermore announced that these effects in the prices will take effect from September 6.     

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