For the third time in a row this month, Oil Marketing Companies (OMCs) again hiked the price of Liquefied Petroleum Gas (LPG) domestic gas cylinder (14.2 kg) by Rs 25 per cylinder from Thursday. Now, a domestic cooking gas cylinder will cost Rs 794 in Delhi. The cumulative increase in February alone is Rs 100 on a cylinder.
Earlier, the price of LPG cylinder was raised on February 14 and February 4. As per reports, this is the first time in the recent Indian history that the cooking gas prices have been hiked three times in a month. Since December, prices have been hiked by Rs 200 per cooking gas cylinder.
The surge in price of LPG comes at a time when fuel prices in India have hit the roof. LPG is a by-product of natural gas and crude oil refining.
The price of LPG gas cylinders is determined by state-run oil companies. It used to be revised on a monthly basis until November 2020.