LPG price hiked by Rs 3.46 per cylinder due to increase in dealers' commission
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The price of LPG has been hiked by Rs 3.46 per cylinder because of the the increase in the commission of the dealers. The hikes comes after the government accepted a recommendation for increasing the commission paid to dealers by over 9 per cent.
The Petroleum Planning and Analysis Cell, the fuel pricing arm of the Oil Ministry, had recommended raising the commission paid to dealers by Rs 3.46 per 14.2-kg cylinder to Rs 40.71.
LPG dealers' commission was last revised on October 7, 2012 when it was raised from Rs 25.83 per 14.2-kg cylinder to Rs 37.25. The same for 5-kg cylinder was hiked from Rs 13.30 to Rs 18.63 per bottle.
The commission has more than doubled in past six years with almost yearly increases. The commission was raised from Rs 16.71 per 14.2-kg LPG cylinder to Rs 19.05 on March 1, 2007; to Rs 20.54 on June 4, 2008; to Rs 21.94 on June 30, 2009 and to Rs 25.83 per bottle on July 1, 2011.