LPG prices slashed by 92% on first day of fiscal 2023

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LPG prices slashed by 92% on first day of fiscal 2023

The prices of LPG gas cylinders have been revised by the government. The rate of commercial gas cylinders has been slashed by nearly 92 on Saturday, which is the first day of the fiscal year 2023 -- 24. In Delhi, the price of a commercial gas cylinder is Rs 2028, and in Mumbai it is Rs 1,980. In the last year, the rates of commercial gas cylinders have been reduced by 225 in Delhi. The price of domestic LPG gas cylinders is the same.

The rate of domestic LPG cylinders was revised four times last year. In January this year, the price of commercial cylinders was increased by 25 Rs, costing 1,768 in Delhi. The LPG prices in India are determined by state-owned oil companies and are revised every month. Domestic cooking gas costs vary from state to state due to local taxes.

A subsidy of 200 percent will be given for every 14.2 kg LPG gas cylinders under the Pradhan Mantri Ujjwala Yojana PMUY scheme, according to Union minister Anurag Thakur.

All households are eligible for 12 subsidised domestic LPG cylinders, with any additional ones to be bought at market price.