LPG price increased by Rs 144.5
Shivanee Thote
Pune, February 13, 2020 : The government increased LPG cylinder price on February 12 by Rs 144.5 due to an increase in benchmark global rates of the fuel.
In the year 2018, the global average price of gasoline was 0.97 US dollars per liter almost a 14% increase as compared to the previous year.
But, to protect domestic users government doubled the subsidy to make it almost unchanged. This way it can help users to not face blunder to some extent.
According to a price notification of state owned oil firms LPG price was increased for 14.2 kg per cylinder that is Rs 858.50 from Rs 714 previously.
This has gone very quickly high since January 2014 when prices had gone up by Rs 220 per cylinder to Rs 1,241.
The government subsidy spent domestic users has been increased from Rs 153.86 per cylinder to Rs 291.48 stated by industry officials. The subsidy has increased from Rs 174.86 to Rs 312.48 per cylinder for Pradhan Mantri Ujjawala Yojana.
Under the PMUY government gave eight crores free LPG connections to poor women to increase the use of eco-friendly fuel in the kitchen.
