Along with the daily rates of petrol, diesel and LPG, some big and important updates have come out today, which are very important for you to know. Whether the Strait of Hormuz remains closed or open in the international market, there will be no crisis of LPG in India. For the first time in the country, Modi government has prepared a big action plan to deal with the LPG crisis. Under this plan, 21 companies of the country will together produce 63,810 tonnes of LPG daily. Apart from this, the windfall tax on petrol and diesel has also been reduced.
Will the prices of LPG cylinders reduce immediately?
This big step of the government does not immediately mean that the prices of LPG cylinders are going to suddenly reduce. The main objective of this scheme is to ensure security of supply in the country. This means that if there is a shortage of LPG in the international market in the future or there is any interruption in imports, the government will have a ready-made framework to immediately increase domestic production.
This will ensure uninterrupted availability of LPG in the country and common consumers will be protected from sudden supply shortages. However, how much direct impact this will have on the price of domestic LPG cylinder will depend on the prices of LPG in the international market, import cost and the pricing policy of the government.
West Asia crisis taught self-reliance
The ongoing crisis in West Asia has made it clear to India that being completely dependent on imports for daily energy needs like LPG can be a big risk. This new production structure of the government is an attempt to eliminate or reduce this risk. This clearly means that the government no longer wants to depend only on the strategy of buying and importing LPG from outside, but is strengthening the ability to increase production within the country in times of any crisis.
Know what are today's LPG rates in your city?
If we talk about today's LPG rates, there has been no change in LPG prices anywhere in the country. In the national capital Delhi, a 14.2 kg domestic cylinder is available for Rs 942, while a 19 kg commercial cylinder is available for Rs 2,738.
Talking about Ranchi, domestic cylinder is being sold there for Rs 999.50 and commercial cylinder for Rs 2,922. That means, compared to Delhi, domestic cylinder in Ranchi is costlier by Rs 57.50 and commercial cylinder is costlier by Rs 184. Today, LPG cylinders are available in the country only at the fixed rate of August 1. Keep in mind that on the first day of this month, there was a reduction of about Rs 200 in the 19 kg commercial cylinder.
Latest prices of petrol and diesel
Like every day, today on August 17, government oil marketing companies (OMCs) have released new rates of petrol and diesel at 6 am. Today, no change has been recorded in fuel rates from Delhi to Ranchi or rather in the entire country.
The price of XP100 premium petrol without ethanol in Delhi today is Rs 167.35 per liter. At the same time, the price of normal petrol remains at Rs 102.12 per liter and the price of diesel remains at Rs 95.20 per liter. Apart from this, XP95 petrol is being sold at Rs 109.24 per liter in Delhi.