Common man hit: After hike in milk prices, LPG cylinder rates go up by Rs 25.50; effective from today

The rise in fuel prices have already hit the common man. From today, the price of liquefied petroleum gas (LPG) cylinders or cooking gas cylinders has also gone up by Rs 25.50. On the first day of every month, state-owned oil companies decide on whether a tweak in the prices of gas cylinders is required or not. This is the ninth LPG price hike imposed by the central government since March 1.

The last revision in the prices of LPG cylinders came in April when the rate of a cylinder was cut by Rs 10. Previously, LPG cylinder prices were increased in February and March.

Here are the new rates for LPG cylinders across the metros after the latest revision. In Delhi, a 14.2 kg cylinder is available at Rs 834.50 instead of Rs 809 earlier. In Mumbai, it is now priced Rs 834.50 from Rs 809 earlier. In Kolkata, an LPG cylinder price now costs Rs 861 from Rs 835.50 and in Chennai, the price has gone up to Rs 850.50 Rs 825.

Fuel prices have been on the rise for some time now. With the trend in price movement over past couple of months, petrol would be nationally available at Rs 100 per litre or more soon. Diesel is also catching up fast to hit century across the country.

Amul milk rates hiked by Rs 2 per litre

Prices of Amul milk will be increased by Rs 2 per litre with effect from July 1 across all brands, a senior Gujarat Cooperative Milk Marketing Federation (GCMMF) official said on Wednesday.

He said the price was being hiked after a gap of nearly one year and seven months which became necessary due to an increase in the production cost. "Prices of Amul milk will be increased by Rs 2 per litre across India from tomorrow. The new prices will be applicable on all Amul milk brands like Gold, Taaza, Shakti, T-special, as well on cow and buffalo milk," said RS Sodhi, Managing Director, GCMMF, which markets Amul brand of milk and dairy products.

Sodhi said the hike in the milk price became necessary due to the rise in food inflation. "Additionally, the cost for packaging has gone up by 30 to 40 per cent, the transportation cost by 30 per cent, and the energy cost by 30 per cent, which led to the increase in the input cost," he said.

Fuel prices soar

Fuel bills have silently increased by about 10 percent in the past two months during the peak of the second COVID wave that disrupted millions of lives in the country, IANS said. Starting from a price line of Rs 90.40 a litre in Delhi on May 1, the price of petrol remains is Rs 98.81 a litre. It is the highest in Mumbai at Rs 104.90. Similarly, diesel prices are also catching up fast to hit century across the country.

Officials in oil companies put the consistent increase in fuel prices to development in global oil markets where both product and crude price have been firming up for the past couple of months on demand rise amidst slowing of a pandemic. However, a closer look at fuel retail prices in India gives a picture that it is a high level of taxes that are keeping fuel rates higher even in times when global oil prices are firm.

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