BUSINESS

LPG prices revised 59 times in last five years, Cost jumps to ₹1219 in Srinagar

By News Desk

March 06, 2023

Even as domestic LPG prices have been on the upsurge, burdening the common man, an interesting fact to note is that cooking gas rates have been revised an astounding 59 times in the last five years.

The latest hike was made on March 01, when the prices of LPG cylinders reached 1219 rupees in Srinagar with a jump of 50 rupees from 1169 rupees.

According to official data of the Petroleum Ministry, between April 1, 2017 and March 06, 2023 LPG prices rose by 45 per cent through 59 upward revisions in New Delhi.

An LPG cylinder was priced at Rs 835 in February 2021, and by March 06, 2023, the cost gone upto rupees 1219 per cylinder.

The same LPG cylinder was priced at Rs 834 in July 2021. By July 2022, it`s price surged 26 per cent to touch Rs 1,053.