The price of LPG cylinders ( subsidised cooking gas) on Thursday were hiked by Rs 2.07 , whereas the price of ATF (jet fuel) was reduced by 3.7 percent in step with global trends. As per the revised rates of subsidized 14.2-kg cylinder will now Rs 432.71 in Delhi as against Rs 430.64 earlier. This is the sixth time when the price of cylinders has got increased within a span of 6 months. On the other hand, the reduction in the price of ATF comes after two rounds of hikes, earlier it was announced on November 1 by a steep 7.3percent.
Government hiked price of LPG cylinders to eliminate subsidy
At the same time, since July, the government also announced to hike the prices of LPG Cylinders up to Rs 2 per bottle every month to cut down its subsidy outgo. On November, LPG rates were hiked by Rs2.5 per Cylinder. Prior to that rate was hiked on October 28 by Rs 1.5 per cylinders on account of hike in commission paid to dealers. On October, rates went up by Rs 2.3 per cylinder.
The government had earlier this month decided to take the diesel route for eliminating subsidies on LPG and Kerosene. The cost of Diesel was deregulated in November 2014 at the time of UPA government that time it was raised by 50 paise every month to eliminate subsidies. Amid the continuing fluctuation in global oil prices, petrol has been hiked by 13 paise a liter, while diesel price has been cut by 12 paise at Delhi, with corresponding changes in other states, also effective from Thursday.
