LPG Gas Cylinder Price Increased by Rs50 When Crude Is Down to 4-year Low at US$63.20

Moneylife Digital Team 07 April 2025

Consumer Interest

For the first time ever since April 2021, oil prices dropped below US$64 per barrel. However, the Indian government decided to increase the prices of liquified petroleum gas (LPG) cylinders used for domestic purposes by Rs50 per cylinder from 8 April 2025. The government also raised the excise duty on diesel and petrol by Rs2 per litre, but later, the Union ministry of petroleum and natural gas (MoPNG) clarified that public sector oil marketing companies (OMCs) would absorb the cost and there would be no increase in retail prices.

Amid global trade fears and worries over OPEC+ production, Brent crude plummeted 3.87% to US$63.20 per barrel, hitting a 4-year low on Monday.

Speaking with the media, Hardeep Singh Puri, the minister of MoPNG says the Rs50 increase in LPG cylinders will apply to all domestic consumers, including Ujjawala scheme beneficiaries. In Delhi, beneficiaries of the Ujjawala LPG scheme will pay Rs553 per 14.2-kg cylinder from the current Rs503. For other general LPG users, the new refill will now cost Rs853 as against Rs803 per cylinder.

Earlier in the day, the Union government decided to increase the special additional excise duty by Rs2 per litre on petrol and diesel from 8 April 2025. However, to insulate its customers from price hikes, OMCs say they will absorb this additional levy and there will be no change in the retail selling price of petrol and diesel.

Despite the recent hike in #ExciseDuty, #PSU Oil Marketing Companies have confirmed there will be no increase in retail prices of #Petrol and #Diesel.
Fuel costs remain unchanged. ?? #FuelUpdate #MoPNG pic.twitter.com/rLH0C46pNH
— Ministry of Petroleum and Natural Gas #MoPNG (@PetroleumMin) April 7, 2025

Meanwhile, crude oil prices experienced a significant dip Monday, with Brent crude futures dropping below US$64 per barrel on the Intercontinental Exchange (ICE) for the first time since April 2021.

Comments

User

r_ashok41

8 months ago

when globally crude oil increases first thing govt says parity with the global price and increases it immediately but when it decreases the same does not happen.Since people have got used to it hence they do not want to reduce the price which would have reduced transportation costs and hence inflation will come down and will help aam aadmi who are already hurt by lower bank rates and high inflation on products even though govt may not admit it we know and see how the basic prices of daily requirements from milk prices have increased.govt is turning a blind eye on all mass consumption items.All govt talk big but while discharging what they say does not make sense.