LPG Price Today: Even after the huge increase, the government is facing a loss of ₹ 700! See the latest prices from Delhi to Mumbai

The direct impact of the ongoing geopolitical tension and conflict in West Asia is now visible on the pockets of the common man. While on one hand the prices of petrol, diesel and CNG have increased due to fluctuations in international prices of crude oil, now a big information has come to light regarding domestic gas cylinders as well.

According to the latest data of the Petroleum Ministry, despite selling domestic LPG cylinders at market rates, the government still has to pay around Rs. Huge loss of ₹700 (under-recovery) Have to lift. This is the situation when recently the prices of domestic cylinders have been increased by ₹ 60 and the prices of commercial cylinders have been increased by about ₹ 1,700.

Big difference in prices between states

LPG prices are not uniform across the country. Due to local taxes and transportation expenses, there is a lot of difference in gas prices in different states. At present, in some parts of the country, a 14.2 kg domestic cylinder is available for around ₹ 900, while in many states its price has crossed the ₹ 1,000 mark.

Let us understand from the table given below what are today’s rates of domestic and commercial LPG cylinders in major cities of the country:

After all, how are the prices of gas cylinders decided?

Many times this question arises in the minds of people that why do the prices of gas cylinders change every month and why is there a difference in its rates in different cities? Mainly three big reasons are responsible behind this:

• Dependence on International Market: India’s total LPG requirement About 60% is imported from abroad (Imports). This is the reason why whenever the prices of crude oil or natural gas increase in the global market, cylinders become expensive in India too.

• Dollar vs Rupee Exchange Rate: Gas is purchased from foreign markets in US dollars. If the Indian rupee weakens against the dollar, the cost of imports increases for companies, the direct burden of which falls on domestic consumers.

• Local VAT and transportation: Every state government imposes its own local value added tax (VAT) on fuel. Apart from this, the distributor transportation charges for delivering the cylinder from the bottling plant to your home also differ from city to city. For this reason, there is a difference in the prices of Delhi and Amritsar.

Where are the market’s eyes?

Experts believe that at present the prices of crude oil remain around $95 per barrel in the international market. Now the eyes of the whole world are fixed on the peace talks between America and Iran. If the situation improves there, then the general public can be expected to get some relief from domestic fuel prices in the coming time.