Economy News

Fuel Prices rise again with LPG price hiked by Rs 25

Oil marketing companies have increased the price of non-subsidized liquified petroleum gas or LPG by Rs 25 on February 4.

It is like pinching the pockets of common man even after a very good Union Budget announcement.

This hike has been imposed in major metro cities of India. Now the prices of cooking gas have risen to Rs 719 per cylinder which weighs 14.2 kg.

The prices of LPG gas in Kolkata are standing at Rs 745.50 even higher than that of the Capital state Delhi. In NCR or Gurugram, the prices are Rs 728.

On the other hand, Mumbai is at the same level with Delhi, with cooking gas prices at Rs 719.

However, Chennai has the second highest price after Kolkata. The LPG prices are at Rs 735 in the Southern Indian state.

With this rally, now the country’s current LPG penetration stands at 99.5 percent. It is currently reaching out to around 28.9 crore customers throughout the country.

There was no hike in the prices of LPG in January however, which is now increased at a double rate.

Coming towards Delhi, the prices have increased by Rs 100 following two hikes in December 2020.

Also, the prices of petrol didn’t stay back. Petrol prices have surged at new benchmark at Rs 86.65 per litre. It has increased by total 35 paise along with Diesel at Rs 76.83 per litre.

According to sources, the government have also hiked the prices of commercial cylinders by Rs 184 per unit. As per the NDTV India’s report, the revised rate of LPG will be effective from today.

Check all the recent news updates and share market updates


Get 90% Discount on Brokerage Now! Open Demat Account