Business Matters | What influences LPG prices in India?

The price of Liquified Petroleum Gas or LPG has seen price hikes in recent months. Non-subsidised cylinder prices were increased the first time this year in March by ₹50 per refill, followed by ₹50 more on May 7. On May 19, the price went up around ₹4 following a change in LPG distributors’ commission. The security deposit for new LPG connections has also gone up. With the latest increase in the price of the 14.2 kg cylinder, in Delhi households need to pay ₹1,053.00 as against ₹1,003. The new price in Mumbai is ₹1,052.50; Chennai ₹1,068.50 and Kolkata ₹1,079.00. What influences this price rise? Who does it affect and what are the broader implications? Story and presentation: K. Bharat Kumar Production: Shibu Narayan Videography: Johan Sathyadas J. Data: The Hindu Data Team Thank you for watching our video! You can subscribe to our channel here: https://bit.ly/3c8Adi6 Visit https://www.thehindu.com/ for the latest updates, analysis, opinions, and more. You can also download our apps: Android: https://bit.ly/3nboBEi iOs: https://apple.co/3EDCwt4 The Hindu is committed to keeping you up-to-date with information on the developments in India and the world. We promise to deliver quality journalism that stays away from vested interest and political propaganda. You can support us by subscribing to our digital offerings here: https://bit.ly/3emywiz Follow us: Twitter:   / the_hindu   Instagram:   / the_hindu