LPG rates: With this, the price per cylinder of LPG will go up to 550 from Rs 500 for Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries.
Union Oil Minister Hardeep Singh Puri on Monday said that the price of cooking gas or LPG has been raised by Rs 50 per cylinder by distribution companies. With this, the price per cylinder of LPG will go up to 550 from Rs 500 for Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries. For others, the price of the LPG cylinder will go up from Rs 803 to Rs 853.
The Minister also said that the decision will be reviewed after a couple of weeks.
“This is a step which we will review as we go along. We review these every 2-3 weeks,” he said.
“Therefore, the excise duty that you have seen increase is not to go on to the consumer on petrol and diesel. That excise increase is intended to compensate the oil marketing companies for Rs 43,000 crore that they have incurred as a loss on the gas part of it…,” he said.
The government has hiked excise duty on petrol and diesel by Rs 2 per litre each. The excise duty on petrol was hiked to Rs 13 per litre and that on diesel to Rs 10 a litre, an official order showed.
The increase in duties will “come into force on the 8th day of April, 2025,” it said.
CNG To Cost More
Last month, the government raised by 4 per cent the price of natural gas produced from old legacy fields called APM – the key input used to make CNG and produce electricity and product fertiliser.
The APM price has been hiked to USD 6.75 per million British thermal units effective April 1 from USD 6.50 per MMBtu, a notification of the Petroleum Planning and Analysis wing of the Oil Ministry said.
ATF, commercial LPG rates cut
Meanwhile, the price of Jet fuel, or ATF, was recently cut by a steep 6.1 per cent and the rates of commercial LPG that is used in hotels and restaurants were reduced by Rs 41 per 19-kg cylinder in the monthly revision done in line with benchmark international prices.
The Aviation Turbine Fuel (ATF) price was reduced by Rs 5,870.54 per kilolitre, or 6.15 per cent, to Rs 89,441.18 per kl in the national capital – home to one of the busiest airports in the country, according to state-owned fuel retailers.
