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LPG price hiked by over Rs 11

 NEW DELHI, Oct 6 – Cooking gas (LPG) price was today hiked by Rs 11.42 per cylinder following government decision to raise commission paid to the dealers, reports PTI.

Subsidised LPG in Delhi will now cost Rs 410.42 per cylinder, up from Rs 399. In Kolkata the new price is Rs 412.42, in Mumbai Rs 434.42 and in Chennai Rs 397.92.

Petrol and diesel prices, too, may go up marginally as the Oil Ministry considers raising dealers’ commission by at least 23 paisa and 10 paisa a litre, respectively.

The ministry yesterday issued orders raising commission paid to LPG dealers from Rs 25.83 per 14.2-kg cylinder to Rs 37.25, government officials said. The 44 per cent or Rs 11.42 per cylinder increase in the commission on the subsidised cooking fuel is being passed on to consumers, they said.

The hike comes within weeks of the government deciding to restrict supply of subsidised cooking gas to six cylinders of 14.2-kg per household a year. The remaining supplies would have to be sourced at market rates.

Officials said the commission paid on market price or non-subsidised LPG, too, has been raised by Rs 12.17 to Rs 38 per cylinder. Accordingly, a non-subsidised LPG cylinder price will go up from Rs 883.5 to Rs 921.5.

A similar exercise is on to raise commission paid to petrol pump dealers on sale of petrol and diesel. The ministry is proposing to raise commission paid on petrol by 23 paisa to 1.72 and that on diesel by 10 paisa to Rs 1.01 a litre.

The hike being considered for petrol and diesel is less than 67 paisa and 42 paisa respectively being demanded by petrol pump dealers in view of their working capital cost going up substantially due to frequent price changes and sharp rise in overheads like electricity charges.

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