Domestic cooking gas rates may soon go up by Rs 3.50
Posted on: 09/Oct/2013 11:17:27 AM
The Petroleum Planning and Analysis Cell, the fuel pricing arm of the Oil Ministry, has recommended raising the commission paid to dealers by Rs 3.46 per 14.2-kg cylinder to Rs 40.71.Hence the Domestic cooking gas (LPG) rates may soon go up by almost Rs 3.50 per cylinder in case the government accepts a recommendation for increasing the commission paid to dealers by over 9 per cent.
LPG in Chennai costs Rs 398 per 14.2-kg cylinder. The last revision in cooking gas prices happened in October last year when because of an increase in dealers commission the rates were raised from Rs 399 per cylinder to Rs 410.50.
LPG dealers` commission was last revised on October 7, 2012 when it was raised from Rs 25.83 per 14.2-kg cylinder to Rs 37.25. The same for 5-kg cylinder was hiked from Rs 13.30 to Rs 18.63 per bottle.
The commission has more than doubled in past six years with almost yearly increases. The commission was raised from Rs 16.71 per 14.2-kg LPG cylinder to Rs 19.05 on March 1, 2007; to Rs 20.54 on June 4, 2008; to Rs 21.94 on June 30, 2009 and to Rs 25.83 per bottle on July 1, 2011
