The price of Liquefied Petroleum Gas (LPG) is set to increase by Rs 50 per cylinder from tomorrow morning for both Ujjwala (PMUY) and non-Ujjwala consumers, Union Petroleum Minister Hardeep Singh Puri said on Monday.
“For PMUY beneficiaries, the price will rise from Rs 500 to Rs 550 per cylinder. For other consumers, it will increase from Rs 803 to Rs 853,” Puri said. The LPG price hike will be reviewed every 15 days and altered based on international prices, he further added.
ALSO READOMCs likely to register weaker refining margins in Q4FY25
The earlier prices of the LPG cylinders, he said, resulted in a cumulative loss of Rs 41,338 crore last year.
Under the Pradhan Mantri Ujjwala Yojana (PMUY), the government seeks to supply clean cooking fuel, mainly LPG, to women belonging to Below Poverty Line (BPL) families in rural areas of India.
Talking about the recent hike in excise duty on petrol and diesel, Hardeep Singh Puri said, these will not be passed on to the consumers and are to help offset a Rs 43,000 crore loss incurred by oil marketing companies due to subsidised gas prices. “You can legitimately expect prices of petrol and diesel to be moderated by the oil marketing companies in keeping with the global price. In a deregulated sector, you can expect them to accordingly adjust the market retail price,” he added.
» Read More
