By Admin 
LPG Price Hike: Due to the ongoing war between US and Iran, the prices of crude oil are increasing. Due to which its effect is being seen all over the world. The prices of petrol, diesel and gas are also continuously increasing. Talking specifically, the prices of domestic LPG cylinders in India have increased for the second time within three months. Since June 7, the price of 14.2 kg domestic cylinder has increased by Rs 29 to Rs 942 in Delhi.
Domestic gas is cheap in India
However, despite the increase in prices in the international market, LPG in India is still much cheaper than many countries of the world. According to the Petroleum Ministry, the actual cost of a domestic LPG cylinder has now crossed Rs 1,600, but the common consumer in Delhi is getting it for Rs 942. At the same time, after getting subsidy of Rs 300 per cylinder for the beneficiaries of Pradhan Mantri Ujjwala Yojana (PMUY), the effective price comes to only Rs 642.
Also read: Petrol News: Petrol is 60 rupees costlier in Nepal than in India, smugglers are taking advantage of the difference in prices, the government took this action
Increase in international prices
This means that even ordinary consumers are paying about Rs 700 less than the market price, while the beneficiaries of the Ujjwala scheme are getting even more relief. LPG import prices in India are linked to the Saudi Contract Price (Saudi CP). This price was $ 543 per ton in February, which increased to $ 775 in April and reached about $ 790 per ton in June. That means international prices have increased by about 46 percent in four months.
If the entire burden of this increase was passed on to the consumers, the cylinder would have become very expensive. But the central government and government oil companies are bearing a major part of this extra cost themselves.
LPG is cheap in India
Compared to other countries, LPG is quite cheap in India. Beneficiaries of the Ujjwala scheme are getting the cylinder for Rs 642, while its price in Pakistan is around Rs 1,046, in Nepal Rs 1,207, in Bangladesh Rs 1,225 and in Sri Lanka Rs 1,241. In developed countries like America and Australia, the price of a cylinder is more than Rs 1,750, while in Canada it reaches above Rs 2,400.
Also read: 8th Pay Commission: Latest update on fitment factor, minimum basic salary expected to jump from 92% to 283%