LPG Price Today: Want to know the new cooking gas cylinder price? Here is a Good News for you ahead of Budget 2021

LPG Price Today: Amid speculation of oil companies increasing the LPG price from February 1, there is a good news for all LPG cooking gas cylinder users. The LPG cylinder price has been kept unchanged in February 2021. LPG price in New Delhi will continue to cost Rs 694 while LPG price in Kolkata will remain Rs 720.50. The oil companies decision to keep the LPG price unchanged is good news for LPG consumers as it was kept unchanged in January 2021 as well.

LPG price in metros

After the LPG cylinder gas price remained unchanged, it would cost Rs 694 in New Delhi, Rs 720.50 in Kolkata, Rs 694 in Mumbai and Rs 710 in Chennai.

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LPP price in Gurgaon will remain Rs 703, LPG gas price in Noida will be Rs 692 while Bengaluru residents will have to pay Rs 697 to pay the LPG gas cylinder price.

In December 2020, oil companies had increased LPG prices twice and in January 2021, they kept the LPG price unchanged. so, in February 2021, it was expected that oil companies would increase LPG prices. But, they decided to keep the LPg price unchanged.

LPG Price in India is determined by the state-run oil companies and is revised on a monthly basis. Almost all the households in India have a LPG connection and it is mainly used for cooking purposes. An increase in LPG prices will affect the common man in general as they have to bear the brunt of the rising fuel prices in the current market scenario. The best part of it is that the government of India is currently providing subsidy on the sale of domestic LPG cylinders to the consumers. The subsidy amount is directly credited to the individuals bank account after the purchase of the cylinder.

The subsidy amount varies every month and is dependent on the changes in the average international benchmark LPG prices added with the foreign exchange rate.