The value of a business LPG cylinder (19 kilograms) has been hiked by Rs 100 a bit to take it to Rs 2,101 from December 1. That is the best worth at which a business LPG cylinder is being offered within the nationwide capital, toppling the earlier excessive of Rs 2,013.50 a bit in January 2014.
Costs have been hiked across the nation in an identical proportion. On a per kg-basis, business LPG is now being offered at Rs 111 a kg in Delhi.
Sale worth of business LPG cylinders has been hiked steadily from Rs 1,473.50 (Rs 77.55 per kg) in June 2021. LPG offered throughout this month was purchased at a benchmark worth of $489.21 a tonne within the worldwide market. This benchmark has now risen to $841.33 a tonne, driving up costs for India, which imports almost half its requirement. That is additionally the best worth ($841.33 a tonne) at which Saudi Aramco is promoting LPG to India over the past 4 years.
Regardless of the numerous worth motion, sale worth of home LPG cylinders has moderated. A 14.2 kg home LPG cylinder offered at Rs 809 a bit (Rs 56.97 per kg) in June 2021. The value rose to Rs 884.50 a bit (Rs 62.29 per kg) in September 2021 and has been saved unchanged since then.
The value moderation is successful on the margins of public sector oil advertising and marketing firms (OMCs) as the federal government is citing a decent fiscal place for not disbursing any LPG subsidy in 2021-22. The Centre continues to subsidise freight for home LPG deliveries in far-flung areas.