LPG price may be hiked next week

New Delhi: Cooking gas LPG prices may be hiked next week after under-recovery on the fuel widened to over `100 per cylinder, sources said insisting that the rate hike, including the quantum of increase, is dependent on Government permission.

If allowed, this will be the fifth increase in cooking gas rates across all categories — households using subsidised gas for cooking and heating purposes, non-subsidised fuel and



industrial-sized gas.

LPG rates were last hiked by `15 per cylinder on October 6, taking the total increase in rates since July to `90 per 14.2-kg cylinder.

Sources with direct knowledge of the matter said state-owned oil marketing companies have not been allowed to align retail selling price with the cost, and no government subsidy has so far been approved to bridge the gap.