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The price of LPG refilling rose 25, now 100 in February | India News


NEW DELHI: Home cooking gas became more expensive at Rs 25 on Thursday, marking the third increase this month, bringing the total increase to Rs 100 per cylinder.
The increase comes on a day when benchmark Brent crude hit a 13-month high at $ 67.70 and global LPG (liquefied petroleum gas) has exploded on higher demand due to the recent surge in cold that hit the United States and Europe.
Gas prices for cooking have risen since December. The fees have cumulatively increased by Rs 150 per recharge since then. After the latest increase, a 14.2kg domestic cylinder in Delhi now costs Rs 794 versus Rs 769 before.
Consumers have to pay the market price and the government is supposed to grant a subsidy to domestic consumers covered by the subsidy. But the subsidy was erased in metropolitan areas and major cities through successive price increases in recent years. So, in Delhi, for example, consumers have been paying the market price without subsidy support.
Executives at state-owned fuel retailers said a small subsidy is paid to customers in remote and remote areas to offset higher transportation costs.
LPG prices rose this month first by 25 rupees per cylinder on February 4 and by 50 rupees on February 15.

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