Every household in India is entitled to 12 cylinders of 14.2 kg each at subsidised rates annually. If they have higher consumption in that case customers need to make any additional purchases of LPG cylinders at the market price.
The Indian Oil Corporation said in a statement that, “Due to growing worries about rising COVID-19 cases in Europe and Asia and concerns over the side effects of the vaccine, prices of crude oil and petroleum products in the international market softened in the second fortnight of March 2021.”
Under the PAHAL (Direct Benefit Transfer of LPG) scheme, consumers get LPG cylinders at a subsidised rate. The aids provided depend on foreign exchange rates, crude oil prices etc. From April 2021, the prices of non-subsidised liquefied petroleum gas (LPG) have been reduced across the country.
Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation previously declared to reduce the price of domestic cooking gas (LPG) by Rs. 10 a cylinder from this month. These are state-run oil marketing companies
According to Indian Oil Corporation, a 14.2 kg non-subsidised LPG cylinder will cost Rs. 809 in Delhi and Mumbai. Out of four metro cities, the price of LPG cylinder is the highest in Kolkata. An LPG cylinder will now be available at Rs. 835.50 in Kolkata. In Chennai, the LPG cylinder will be sold at Rs. 825. The rate of LPG cylinders in India is dependent primarily on two factors — the international benchmark rate of LPG and the exchange rate of the US dollar and rupee. The price of cooking gas was increased three times in February.