LPG Price Cut: Will there be relief from inflation in the new year? The price of domestic LPG cylinder may decrease | lpg price- Watch Video

Publish Date: 23 Dec, 2022 |
 
New year is about to approach and there is good news in store for us. Government oil companies can soon announce a reduction in the prices of cooking gas LPG. Even in the last few days, the crude oil price has been reduced significantly, which impacted the prices of LPG as well.  
 

Crude oil prices fall but LPG cylinders are not cheap

At present, Rs 1053 has to be paid for refilling a 14.2 kg LPG cylinder in the capital Delhi. 1079 in Kolkata, Rs 1052.50 in Mumbai and Rs 1068 in Chennai. Rs 1151 has to be paid in Patna, then Rs 1090 has to be paid in Lucknow. Government oil companies have not made any change in the prices of LPG cylinders since 6 July 2022. While there has been a huge fall in the prices of crude oil during this period. Crude oil prices have come down by 30 per cent during this period.
 

Domestic LPG cylinder to cost Rs 150 in 2022

In 2022, government oil companies have increased the prices of domestic cooking gas by around Rs 150 per cylinder. Last year in October 2021, when the price of crude oil used to be around $ 85 per barrel, when domestic cooking gas was available for Rs 899. At present, crude oil is trading around $83 per barrel, while the Indian basket price is around $77 per barrel. This is the reason why government oil companies have every reason to cut the prices of domestic cooking gas.
 

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