With fuel prices in no mood to pause the hike, LPG is following suit as the non-subsidized liquified petroleum gas rates increased by Rs 15 today. Consumers in New Delhi will have to shell out Rs 899.50 for one 14.2 kg LPG cylinder. Earlier costing Rs 884.50 per cylinder, the Rs 15 hike is also applicable to 5 kg cylinders. A non-subsidized 5 kg cylinder of LPG is priced at Rs 502.
As for the rates elsewhere, there is a uniform hike, increasing the previous prices of Rs 884.50 per cylinder in Mumbai, Rs 911 per cylinder in Kolkata and Rs 900.50 per cylinder in Chennai.
According to the data given by the Indian Oil Corporation, new rates for these cities would be as follows:
Mumbai- Rs 899.50 per 14.2 kg cylinder
Kolkata- Rs 926 per 14.2 kg cylinder
Chennai- Rs 915.50 per 14.2 kg cylinder
Hyderabad- Rs 937 per 14.2 kg cylinder
Meanwhile, petrol and diesel prices shot up again. The hike, the second consecutive one in 4 metropolitan cities, was different for different cities. Customers in the national capital will have to pay Rs 102.94 per litre petrol after an increase of 30 paise. As for the diesel rates, Delhi is selling the fuel for Rs 91.42 per litre, as per the state-run oil refiner.
On the other hand, Brent, the global benchmark moved up to $ 82.53 per barrel. West Texas Intermediate had a similar hike with present rates showing at $ 78.87. Oil prices in the US were recorded as the highest since 2014 on Wednesday after they increased for the 5th day straight. These hikes are being witnessed amid world tensions surrounding low crude stocks, energy supplies, coal reserves and natural gas, increasing concerns over the regular operations of industries if the supply houses are not filled soon.
Yesterday, India had only 4 days’ worth of coal supply left for industries to gain power from. This was the lowest recorded in several years, which also brought limelight on the high prices at which local coal is now being sold due to the scarcity, leaving factory owners in a tight spot.
