LPG Price Hiked By Rs 15/Cylinder; Petrol, Diesel At All-Time High

Srinagar: The price of cooking gas LPG on Wednesday was hiked by Rs 15 per cylinder in line with a surge in international fuel prices.

Rates of both subsidised and non-subsidised LPG prices were hiked, oil company officials said. Cooking gas now costs Rs 899.50 per cylinder in Delhi.

Simultaneously, petrol price was increased by 30 paise per litre and diesel by 35 paise a litre.

Petrol now costs Rs 102.94 per litre in Delhi and diesel is priced at Rs 91.42 a litre. Livemint reported Mumbai continues to have the highest fuel costs, explaining, “Petrol is being retailed in the financial capital at Rs 108.96 per litre and diesel at Rs 99.17 per litre.”

Global benchmark Brent Crude jumped to $82.53 per barrel, while West Texas Intermediate rose to $78.87 a barrel.

Meanwhile, on Tuesday, PTI reported oil suppliers may be forced to jack up prices of petrol and diesel substantially given the rise in crude prices.

Sources said oil companies had kept increases to a modest level in anticipation of correction in crude oil and petroleum product prices in the international market.

"Oil marketing companies have only made a moderate increase in retail prices of petrol and diesel so far," a source said. "However, in the event of such correction not being there, the price increase could be substantial." PTI

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