(ET)
The petroleum ministry has increased the commission for distributors of Liquefied Petroleum Gas (LPG) or cooking gas by Rs 11.26 for every 14.2 Kilogram cylinder and Rs 5.63 for every 5 Kg cylinder, effective 1 August.
This is the steepest hike in seven years and will be implemented in phases over three months ending 1 October this year. The hike is based on the recommendations of a study for revision in LPG distributors commission conducted by Indian Institute of Management, Ahmedabad in consultation with the oil ministry’s statistical arm Petroleum Planning and Analysis Cell (PPAC).
Post the revision, the commission will rise to Rs 61.84 Kg for each 14.2 Kg cylinder and Rs 30.92 for a 5 Kg cylinder. The commission will be hiked first by 50 per cent or Rs 5.62 per Kg for 14.2 Kg cylinder on 1 August followed by a 25 per cent hike or Rs 2.82 on 1 September and finally by 25 per cent on 1 October. The hike in case of 5 Kg cylinders will follow the same timeline and percentage revisions.
