LPG prices double in 7 years

The price of a household cooking gas, or LPG, refill has doubled in the last seven years and subsidy has been erased by raising rates in small doses over the years.

Simultaneously, government’s tax collection from petrol and diesel sales has risen four-and-a-half times due to increased taxes, according to oil minister Dharmendra Pradhan’s written replies in Lok Sabha on Monday. LPG refill price jumped Rs.125 per cylinder in last 32 days.

Pradhan said petrol and diesel had been decontrolled from June 26, 2010 and October 19, 2014, and retailers set prices in line with “international prices, rupee exchange rate, and other cost elements.”

No comments: