Price of LPG cylinder increased 58 times, not twice in five years, know how much burden has increased on you

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Price of LPG cylinder increased 58 times, not twice in five years, know how much burden has increased on you


Photo:India TV LPG prices increased 58 times not once in five years

Highlights

  • LPG cylinder price in April 2017 was Rs 723
  • LPG prices changed 58 times
  • This was the reasoning of the companies behind increasing the price

Lpg Cylinder Rates: during the last few years Domestic LPG (LPG) The rise in prices has put a burden on the pockets of the common man. An interesting fact is that the LPG rates have been revised astonishingly 58 times in the last five years. According to official data from the Petroleum Ministry, LPG prices have been revised 58 times between April 1, 2017 and July 6, 2022, resulting in an increase of 45 per cent.

The price of LPG cylinder in 2017 was Rs 723

The price of LPG cylinder was Rs 723 in April 2017 and has increased by 45 per cent to Rs 1,053 by July 2022. At the same time, this hike in the price of LPG cylinder was a massive increase of 26 percent in the 12-month period between July 1, 2021 to July 6, 2022. In July 2021, the price of the same LPG cylinder was Rs 834. Its price increased by 26 percent to Rs 1,053 by July 2022.

Different rates in each state

LPG cylinder prices vary from state to state as they depend on Value Added Tax or VAT as well as transportation charges. These are also calculated on the basis of crude oil prices. Rising LPG prices have burdened the common man, while rising inflation coupled with rising unemployment has undermined economic growth.

This was the reasoning of the companies behind increasing the price

The prices of petrol and diesel in India have been stagnant for the past several months amid the turmoil in the crude oil in the international market. Companies say that they have suffered a lot due to non-change in prices. Despite this, gas prices have increased continuously in the last 5 years. However, the situation has improved a bit now. Meanwhile, such news has come out from the balance sheets of oil companies, in which some relief and disaster messages are hidden for the common people.

No loss to companies on petrol and LPG

The fall in international crude oil prices has put Indian fuel distributors in a position to cover their costs in petrol and cooking gas, but they are still incurring losses on diesel sales. This statement of Arun Kumar Singh, chairman and managing director of Bharat Petroleum Corporation Limited (BPCL), the country’s second largest petroleum company, clearly shows that in the coming times, the prices of diesel can trouble the common man, but about petrol. There is no such possibility at the moment.

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