Gas Cylinder Price Hike: LPG Cylinders Became Costlier By Rs 50
Gas Cylinder Price Hike: LPG cylinders became costlier by Rs 50, know what is the rate in your city.
The prices of Domestic LPG cylinders have increased once again. The price of a 14.2 kg domestic LPG cylinder has increased by Rs 50 per cylinder from today.
Now the price of a domestic LPG cylinder in Delhi will be Rs 1053. Not only this, the price of a 5 kg domestic cylinder has increased by Rs 18 per cylinder.
While the price of a 19 kg commercial cylinder was reduced by Rs 8.50.
The latest hike in the prices of domestic LPG cylinders comes days after the commercial LPG cylinder prices were cut by Rs 198.
Please note that the prices of LPG cylinders vary from state to state on the basis of VAT and transportation costs. It is also calculated on the basis of crude oil prices.
Gas Cylinder Price Hike: Know what are the new prices.
After the increase in the prices of LPG cylinders by Rs 50 from July 6, the new prices will be like this-
Delhi – Rs 1053.
Mumbai – Rs 1052.50.
Kolkata – Rs 1079.
Chennai – Rs 1068.50,
Let us tell you that in the last year, the price of domestic LPG has increased significantly. In the last year, the price of domestic LPG cylinders in Delhi has increased from Rs 834.50 to Rs 1003.
The price of a 14.2 kg domestic LPG cylinder was last increased by Rs 4 on 19 May 2022. Earlier on May 7 in Delhi, the rate was Rs 999.50 per cylinder.
Apart from this, on 22 March also, the price of the cylinder was increased by Rs 50. Between October 2021 and February 2022, the price of a domestic LPG cylinder in Delhi was Rs 899.50.
Cheap commercial cylinder.
The price of a 5 kg domestic cylinder has also been increased by Rs 18 per cylinder. However, the prices of 19 kg commercial cylinders have come down by Rs 8.50.
Need to reduce the number of services exempted from GST: Revenue Secretary Tarun Bajaj.
Revenue Secretary Tarun Bajaj on Tuesday said there is a need to reduce the list of products that are exempted from GST.
This is especially necessary for the service sector. Speaking at the Confederation of Indian Industry (CII) event, Bajaj said that the government is trying to plug the loopholes in the GST system in the next two-three years.
He said that the GoM is engaged in rationalizing the GST rates. Bajaj said that there has been a good jump in GST collections in the last financial year.
The GST Council is careful not to pass the burden of increased rates on the common man. The 28 percent tax slab accounts for 16 percent of the total GST collection, he added.
The highest 65 percent revenue comes from the tax slab of 18 percent. The 5 per cent and 12 per cent tax slabs contribute to the revenue of 10 per cent and eight per cent, respectively.
