More Details Search
The good news: the price of cooking gas cylinders has come down by so much.

Good news: the price of cooking gas cylinders has come down by so much.

Amidst the country-wide lockdown, a big good news for ordinary citizens has come out in early May. The reassuring news for those facing all sorts of troubles between the Corona virus and the lockdown is that there has been a big drop in cooking gas prices. 

A cylinder of subsidized cooking gas has become cheaper by Rs 15. The oil company fixes the price on the first of every month.

The country's oil marketing companies HPCL, BPCA and IOC have announced a reduction in the price of unsubsidised LPG cooking gas cylinders. 

The price of a 14.2 kg non-subsidized LPG cylinder has come down by Rs 162.5 and the new price has come down to Rs 581.5. While the price of a 19 kg cylinder has come down by Rs 256 to Rs 1029.5.

This time a bottle of cooking gas has become cheaper by Rs 162.5 in Delhi. According to the IOC website, the price of a 14.2-kg cylinder in Delhi has now come down from Rs 744 to Rs 581. However, due to the tax applicable in different states, this rate may vary. 

: Important links : 

News Report : Click Hare 

The bottle in New Delhi in April cost Rs. He had to pay Rs. 581 will have to give. The new price in Kolkata is Rs 584.5, in Mumbai it is Rs. 579, Chennai Rs. Will be 569.5.

In the third consecutive rate cut, the price of LPG cylinders was reduced by ₹162.50 a unit in Delhi today. Oil marketing companies have enforced similar rate cuts in other parts of the country. In Delhi, the price of a 14.2 kg non-subsidised LPG (liquified petroleum gas) cylinder has been reduced from ₹744 to ₹581.50 with effect from today.

In Mumbai, LPG cylinder will cost ₹579, as compared to ₹714.50 earlier. In Kolkata, cooking gas fuel rate has been cut by ₹190 to ₹584.50. In Chennai, LPG cylinders will be sold at Rs569.50. LPG cylinder rates, which are revised on the first day of every month, had been on an increasing mode from August last year before prices were cut in the last two months amid a slump in the global energy market.

Ever since the coronavirus-related lockdown began from March 25, panic buying of LPG cylinders have been reported in most parts of the country. Retailers have been emphasising that there is no shortage of LPG cylinders in the country as there is enough stockpile of the gas to meet local demand.India's largest fuel retailer Indian Oil Corp. Ltd (IOC) said it has reported a 20% spike in sales in April.The price of LPG cylinders in India is dependent primarily on two factors — the international benchmark rate of LPG and the exchange rate of US dollar and rupee. Cooking gas is available only at market prices across the country but every household is entitled to 12 cylinders of 14.2 kg each at subsidised rates in a year. The subsidy is transferred directly to bank accounts.

After the lockdown was enforced, the Narendra Modi government has started a new Pradhan Mantri Garib Kalyan Yojana (PMGKY) to provide 3 LPG cylinders free to over 8 crore beneficiaries of the Pradhan Mantri Ujjawala Yojana (PMUY) from April to June this year. Oil marketing companies have been transferring an advance equal to the retail selling price of one 14.2 kg refill or one 5 kg refill depending upon the type of package to the linked bank account of PMUY customers. The customers can use this advance money to take LPG refill.