New Delhi | Jagran Business Desk: Oil Marketing Companies (OMCs) on Thursday again increased the Liquified Petroleum Gas (LPG) cylinder rates by Rs 25 in the national capital taking the rates of 14.2 Kg cylinder to Rs 794. This is the third consecutive hike in the rates of the domestic gas cylinder in February. 

The latest hike takes the cumulative hike to Rs 100 per cylinder in a month. First, it was increased on February 4 by Rs 25 (cost: Rs 719) and then on February 14 by Rs 50 (cost: Rs 769). Since December cooking gas price has been hiked by Rs 200 per cylinder.  

The state-run oil companies are responsible for determining the rates of LPG gas cylinders in India. The rates were revised on a monthly basis and are highly affected by international fuel rates. However, in December, the OMCs hiked the price twice and now in February, the prices were hiked thrice. 

The rise in LPG cylinder rates comes at a time when the fuel prices -- Diesel and Petrol -- are reaching new highs. The price of petrol continued to be at Rs 90.93 a litre and diesel Rs 81.32 a litre in the capital. Elsewhere in the country as well, fuel prices remained unchanged after oil companies increased their pump prices on 13 of the last 17 days.

In the 13 increases since February 9, the price has gone up by Rs 3.98 per litre for petrol while the diesel rate has risen by Rs 4.19 a litre in Delhi. The price pause on Thursday may be momentary as global oil prices are on the boil with benchmark Brent crude prices remaining above $67 a barrel.

Posted By: Talibuddin Khan