Union oil minister Hardeep Singh Puri on Monday said that cooking gas price has been raised by ₹50 per cylinder, PTI reported.
Price Rise for Ujjwala and General Consumers
The gas price has been raised for Ujwalla and general category consumers, the minister said.
The 14.2-kg LPG cylinder’s price will go up from ₹803 to ₹853 for common consumers and from ₹503 to ₹553 for 14.2 kg cylinders for Ujwalla scheme consumers.
No Hike in Retail Fuel Prices Despite Excise Change
The Union Minister of Petroleum and Natural Gas also spoke about an earlier notice regarding the hike in the excise rate on petrol and diesel, stating “Let me clarify upfront on the record, this will not be passed on to the consumer.”
Puri said, “The international price of crude came down to around $60 a barrel, but please remember that our oil marketing companies carry inventories over a 45-day period. If you go back to January, the crude price then was $83, which came down subsequently to $75. So the crude inventory that they’re carrying is at $75 on average per barrel.”
He added, “You can legitimately expect prices of petrol and diesel to be moderated by the oil marketing companies in keeping with the global price. In a deregulated sector, you can expect them to accordingly adjust the market retail price.”
Increase in Excise Duty on Petrol and Diesel
The union government on Monday also increased excise duty by ₹2 per litre on petrol and diesel.
According to the notification, the new excise duty will be effective from April 8, 2025. The excise duty on petrol has been raised to ₹13 per litre and that on diesel to ₹10, according to the order.
The Ministry of Petroleum and Natural Gas, however, made the public aware that petrol and diesel’s retail prices would not change.
“PSU Oil Marketing Companies have informed that there will be no increase in retail prices of Petrol and Diesel, subsequent to the increase affected in Excise Duty Rates today,” it wrote on X.
