LPG: After a long time, on April 1, 2023, there is relief in the prices of LPG across the country. LPG cylinder has become cheaper by about Rs 92 from Delhi to Patna and from Ahmedabad to Agartala.
New rates have been updated today only. This relief in the rate of LPG has been given only to the consumers of commercial cylinders. There has been no change in the prices of 14.2 kg domestic LPG cylinders. Let us tell you that on March 1 last month, in one stroke, the price of commercial LPG cylinder was increased by more than Rs.350. At the same time, the rate of domestic LPG cylinder was increased by Rs 50 after 8 months.
After this change, commercial LPG has become Rs 2028 in the country’s capital Delhi, Rs 2132 in Kolkata, Rs 1980 in Mumbai and Rs 2192.50 in Chennai. At the same time, the prices of domestic gas have remained the same as in the previous month. Domestic gas is being sold at Rs 1103 in Delhi, Rs 1112.5 in Mumbai, Rs 1129 in Kolkata and Rs 1118.5 in Chennai. Domestic gas companies review LPG prices on the first of every month. Last month, domestic LPG prices were also increased by Rs 50.
Where the prices decreased
Commercial LPG prices have been cut by up to Rs 91.5. This is the maximum limit of deduction made this time. This price cut is applicable in Delhi and Mumbai. At the same time, the price of LPG cylinder has been cut by Rs 89.50 in Kolkata and Rs 75.5 in Chennai.
How is the price of LPG decided?
As we told you that the price of LPG is reviewed every month. In its review, some things are taken care of and on the basis of that the prices of gas are increased or cut. The price of cooking gas is determined by the formula of Import Parity Price (IPP). In India, cooking gas is mostly dependent on imports, so a big impact of international gas prices is seen in it.
The raw material of cooking gas is crude oil, so the price of crude oil also has a great impact on it. The benchmark LPG price in India is Saudi Aramco’s LPG price. FOB, freight, insurance, custom duty and port duty are included in the price of gas.
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