LPG prices are revised at the beginning of each month but for the month of November, the price hike came twice — by Rs 2.94 and then Rs 2. Photo: Reuters

LPG cylinder prices likely to decrease soon: Petroleum Ministry

Petroleum ministry said because of a fall in international fuel prices, domestic LPG prices are also likely to fall down in the coming days. At present, subsidised LPG costs 507 in Delhi and non-subsidised 942 per cylinder.

New Delhi: Busting rumours that LPG cylinder prices are likely to be hiked to ₹ 1,000 per cylinder, the petroleum ministry today said domestic LPG cylinder rates are likely to be reduced in the coming days.

“According to some news reports, LPG price may touch ₹ 1,000 per cylinder. It is being clarified that this is not based on facts and the price is not being increased to ₹ 1,000," the petroleum ministry said in a tweet.

It said because of a fall in international fuel prices, domestic LPG prices are also likely to fall down in the coming days. At present, subsidised LPG costs ₹ 507 in Delhi and non-subsidised ₹ 942 per cylinder.

LPG prices are revised at the beginning of each month but for the month of November, the price hike came twice — by ₹ 2.94 and then ₹ 2.

The rates of non-subsidised LPG cylinders have been increased by ₹ 60 in Delhi already this month and for the sixth consecutive time in as many months.

Read: Over 70% Indians to get access to city gas connection, says PM Modi

The government absorbs any increase in international prices of LPG as subsidy. Only a subsequent increase, if any, on GST is passed on to the consumers.

Rates of LPG cylinders differ by a few rupees from state to state because of transportation cost and local taxes. The government subsidises only 12 cylinders of 14.2 kg each per household in a year by transferring the subsidy amount directly into the bank accounts of LPG consumers.