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Hike In Price Of LPG Cylinders Will Put Common Man Into Deeper Financial Crisis: Congress

Price Of Non-subsidised Cooking Gas LPG Has Been Hiked By Rs 19 Per Cylinder And Jet Fuel Or ATF By 2.6 Per Cent On The Back Of A Rise In International Rates.

News Nation Bureau | Edited By : Fayiq Wani | Updated on: 01 Jan 2020, 02:38:22 PM
The Congress on Wednesday slammed the Modi government over the hike in railway fares and the price of LPG cylinders.

The Congress on Wednesday slammed the Modi government over the hike in railway fares and the price of LPG cylinders. (Photo Credit: File Photo)

New Delhi:

The Congress on Wednesday slammed the Modi government over the hike in railway fares and the price of LPG cylinders, saying it will put the common man into a deeper financial crisis. Congress spokesperson Sushmita Dev said the hike comes at a time when the economy is in shambles. Question is when will the travesty going to end, Dev asked, asserting that the hike was “injustice towards the poor people”.

“Is this a fair new year’s gift to the common man, Congress thinks it is not,” she said.

Price of non-subsidised cooking gas LPG has been hiked by Rs 19 per cylinder and Jet fuel or ATF by 2.6 per cent on the back of a rise in international rates. Price of Aviation Turbine Fuel (ATF), used to power aeroplanes, was raised by Rs 1,637.25 per kilolitre, or 2.6 per cent, to Rs 64,323.76 per kl in Delhi, according to a price notification of state-owned fuel retailers.

This is the second straight monthly increase in rates warranted due to firming up of prices in the international market.

This is the fifth straight monthly increase in cooking gas prices since September 2019. In all, non-subsidised cooking gas prices have gone up by Rs 139.50 per cylinder in the last five months.

Non-subsidised LPG is the gas that consumers buy after exhausting their quota of 12 cylinders of 14.2-kg at sub-market or subsidised rates of Rs 495.86.

LPG, as well as ATF prices, are revised on 1st of every month based on the average international rate for benchmark fuel and foreign exchange rate in the preceding month.

Also, the price of kerosene sold through the public distribution system (PDS) was increased by 26 paise to Rs 35.58 per litre in Mumbai.

This is in accordance with the 2016 decision to raise rates by 25 paise a litre every month till subsidy on the fuel is eliminated. Delhi has been declared kerosene-free and no PDS kerosene is sold in the national capital.

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First Published : 01 Jan 2020, 02:38:22 PM

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LPG Price Hike Congress BJP