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LPG cylinder price hiked across India and to now cost ₹590.50 in Mumbai

The decision was taken on June 1, 2020 by the Indian Oil Corporation (IOCL) due to an increase in price across the world.

LPG cylinder price hiked across India and to now cost ₹590.50 in Mumbai
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In a statement released on June 1, 2020, the Indian Oil Corporation (IOCL) increased the prices of the non-subsidised liquefied petroleum gas (LPG) cylinders up to ₹37 across the country. The decision was taken due to an increase in price across the world.

Reports state that, effective from June 1, the 14.2 kg cylinder in Mumbai will now cost ₹590.50 after an increase of been raised by ₹11.50. The prices are usually revised by the authorities on a monthly basis, and the last revision was conducted on May 1, 2020. As of other cities, LPG cylinder will be priced at  ₹593.00 in Delhi, ₹616.00 in Kolkata and ₹606.50 in Chennai.

This increase in price comes after three consecutive cuts and the statement from IOCL also confirmed that the decision will not impact the Pradhan Mantri Ujjwala (PMUY) beneficiaries. As per the guidelines, they will be entitled for a free cylinder until June 30, 2020, based on the Pradhan Mantri Garib Kalyan Yojana.

A 14.2 kg cylinder is one of the important requirements on many Indian households and several restaurants also need these for their operations. During the lockdown, the unavailability of the cylinder in the open market resulted in many purchasing it for a higher price from unauthorised sources. The government, in current times, provides subsidies for 12 such cylinders per year for a household with certain benefits.

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