LPG on fire, price shoots up

Non-Subsidized Cylinder To Cost Rs 1010; Commercial Cylinder Priced At Rs 1807


Srinagar, Nov 1: Giving another jolt to the LPG consumers, oil companies have once again increased the prices of cooking gas making it the fourth hike in last two months. Since the new LPG policy came into effect on September 15, the prices of non-subsidized LPG cylinders have been increased by more than Rs 260.
The oil companies have increased the price of non-subsidized LPG cylinders (14 kg) by Rs 36 from today onwards. Now the cylinder will be sold at Rs 1010, earlier its price was Rs 974. The price of non-subsidized (exempted) category of LPG cylinders (14 kg) are fixed at Rs 1292, earlier its price was Rs 1259 which means hike of Rs 33. Price of commercial LPG cylinders (19 kg) has been fixed at Rs 1807, its earlier price was Rs 1780. However, the price of subsidized LPG cylinders remains unchanged at Rs 425.
Secretary, Gas Dealers Association, Jagmohan Singh Raina said, “These rates are changed by oil companies on monthly basis keeping in view the prices of crude oil in international market.” On September 15, the price of non-subsidized gas cylinder was fixed at Rs 750 but within short period of less than two months the oil companies raised the rates four times. People have expressed their strong resentment against the price rise as the hike has come at a time when people here are facing acute shortage of cooking gas.
“Besides the verification process that has made getting a gas cylinder a Herculean task, the hike in prices will further aggravate the problems of common people,” a local resident said.
The people in Kashmir are likely to be the worst sufferers of the hike as winter is fast approaching and most of the consumers have consumed the subsidized LPG cylinders and will have to purchase gas at higher rates.
“It will have a catastrophic effect on our budget. How can a poor man and a daily-wager arrange such a hefty sum for purchasing gas cylinders during winter months when the consumption of cooking gas here is very high because of cold,” said Farooq Ahmad, a resident of Batamaloo.
“We were expecting a breather from the oil companies, instead they are hell bent on inflicting more miseries on common people by arbitrarily increasing the LPG prices,” President, Kashmir Traders United Front, Muhammad Sadiq Baqal said.
Baqal said that oil companies should have a humanistic approach and should not focus on increasing their profitability only. He ridiculed the Central Government for giving a free hand to oil companies in taking anti-people decisions.
Hoteliers have also criticized the decision of oil companies to hike prices of LPG cylinders. “Never before have we witnessed so many hikes in such a short span of time. Prices of commercial cylinders have been increased at least thrice in the past one-and-a-half month which is injustice towards the hospitality sector as it increases the prices of almost all the items,” said Tariq Rashid Ghani, a hotelier.

Lastupdate on : Thu, 1 Nov 2012 21:30:00 Makkah time
Lastupdate on : Thu, 1 Nov 2012 18:30:00 GMT
Lastupdate on : Fri, 2 Nov 2012 00:00:00 IST

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