LPG price for the June month have been raised which is effective from 1 June 2020. Now, the revised price of non-subsidized liquefied petroleum gas (LPG) cylinder in Delhi is increased by Rs 11.50 for an Indane gas cylinder.
Customers must note that the Retail Selling Price (RSP) of LPG in Delhi market for May 2020 was reduced from Rs 744 - Rs 581.50 per cylinder for all consumers in line with a drop in international prices.
LPG Price Hike: Important Details
IOC which is India’s largest refiner informed on its website, "For the month of June 2020, there is an increase in international prices of LPG because of the increase in the prices in the international market, the RSP of LPG in Delhi market will be increased by Rs 11.50 per cylinder. But, this increase will not impact the Pradhan Mantri Ujjwala (PMUY) beneficiaries, as they are covered by the Pradhan Mantri Garib Kalyan Yojana (PMGKY), and entitled to a free cylinder till June 30th."
Related Article: Big Relief for Ujjwala Yojana Beneficiaries! 6.8 Crore Free LPG Cylinders Distributed & Advance DBT under PMGKP
LPG New Price in Different States
In Kolkata, an LPG cylinder will now be costing Rs 616.00 after there is an increase of Rs 31.50. Mumbai customers will now be paying Rs 590.50 for an LPG cylinder. In Chennai, the price increased by 37 paise to Rs 606.50.
Why LPG price has increased?
The hike in LPG price is due to the backdrop of the demand for petroleum products picking up. Though, oil refiners had slashed production because of the reduced demand for transportation fuels such as petrol, diesel and ATF, there has been an increase in domestic cooking gas demand. It is to be noted that the fuel retailers revise prices of LPG cylinders on the first day of every month. The price is primarily dependent on the international benchmark rate of LPG & exchange rate of Dollar-rupee.
