The 19th price hike stuns all!
Guwahati/ 1st of November’2017 (Prag News Desk):Noted as the 19th price increase since July 2016, the prices of cooking gas (LPG) price was today hiked by Rs 4.50 per cylinder.
Since the last revision in 1st October, the rate was hiked by Rs 50 to Rs 649 per bottle.
The prices of non-subsidised LPG or market priced cooking gas has also been hiked by Rs 93 to Rs 742 per bottle.
The prices of jet fuel or ATF price was also increased by 2 per cent asserting on international rates, the fourth straight increase in rates since August, according to price notification posted by state-owned retailers.
Incidentally, it is the fourth consecutive monthly hike in ATF price, the last being 6 per cent (Rs 3,025 per kl) on October 1. State-owned oil firms revise rates of LPG and ATF on 1st of every month based on average oil price and foreign exchange rate in the previous month.
Initially, the hike in LPG rate was Rs 2 per month which was hiked to Rs 3 from May this year. Today’s hike in the LPG price is sixth since the May 30 order of the oil ministry to raise rates by Rs 4 per cylinder every month.
There are as many as 18.11 crore customers of subsidised LPG in the country and 2.66 crore users of non-subsidised cooking gas.
This includes the 3 crore poor women who were given free connections during the last one year under the Pradhan Mantri Ujjwala Yojna.