Discover and read the best of Twitter Threads about #LPGPriceHike

Most recents (5)

Non-subsidized LPG Cylinder Priceđź«•

Year Price
2013 Rs 1031
2014 Rs 1080
2015 Rs 610
2016 Rs 514
2017 Rs 738
2018 Rs 689
2019 Rs 702
2020 Rs 806
2021 Rs 819
2022 Rs 1053

But, how is the price calculated?

Let's find out⤵️
LPG pricing in India is done on the basis of a formula: Import Parity Price (IPP)

The IPP is determined based on gas prices in the international market, as a major portion of India's consumption is satisfied through imports.

But, how is IPP calculated? 🤔

#lpgpricehike
IPP is calculated as per Saudi Aramco’s LPG price, which is the world’s largest producer.

The price includes costs like:
- Free on board (FOB) price,
- Ocean freight,
- Custom duties,
- Port charges and Insurance cost

#lpgcylinder
Read 6 tweets
Domestic LPG rates have been increased by Rs.50 🤯

Year Price
2013 Rs 1031
2014 Rs 1080
2015 Rs 610
2016 Rs 514
2017 Rs 738
2018 Rs 689
2019 Rs 702
2020 Rs 806
2021 Rs 819
2022 Rs 999.50

Let's see the price calculation⤵️

#GasPrice
LPG pricing in India is done on the basis of a formula: Import Parity Price (IPP)

The IPP is determined based on gas prices in the international market, as a major portion of India's consumption is satisfied through imports.

But, how is IPP calculated? 🤔
IPP is calculated as per Saudi Aramco’s LPG price, which is the world’s largest producer.

The price includes costs like:
- Free on board (FOB) price,
- Ocean freight,
- Custom duties,
- Port charges and Insurance cost

#lpgpricehike
Read 8 tweets
Non-subsidized LPG Cylinder Priceđź«•

Year Price
2013 Rs 1031
2014 Rs 1080
2015 Rs 610
2016 Rs 514
2017 Rs 738
2018 Rs 689
2019 Rs 702
2020 Rs 806
2021 Rs 819
2022 Rs 949.50

But, how is the price calculated?

Let's find out⤵️
LPG pricing in India is done on the basis of a formula: Import Parity Price (IPP)

The IPP is determined based on gas prices in the international market, as a major portion of India's consumption is satisfied through imports.

But, how is IPP calculated? 🤔
IPP is calculated as per Saudi Aramco’s LPG price, which is the world’s largest producer.

The price includes costs like:
- Free on board (FOB) price,
- Ocean freight,
- Custom duties,
- Port charges and Insurance cost

#lpgpricehike
Read 6 tweets
What is the state of clean cooking #energyaccess in #India?

Based on #IRES2020, our study found that:
➡️Over 70% per cent of Indian households use #LPG as their primary cooking fuel
➡️85% have #LPG connections
➡️54% continue to use traditional solid fuels

Read more 👇 Image
How has #LPGPriceHike affected consumption?
84% of households using traditional #solidfuels with #LPG cited high prices of LPG refills as a reason for stacking fuels. LPG prices have risen by 40% over the last 1 year.
#PressRelease: bit.ly/2Ynelyi Image
80% non-users cite the inability to afford #LPG – either bcz of connection cost or recurring expense on #fuel – as the reason for not having an #LPGconnection.
Using traditional solid fuels for cooking increases exposure to indoor #airpollution for such households.
#LPGPriceHike Image
Read 8 tweets
Prices of Liquefied Petroleum Gas (LPG) cylinders have been increased once again, with effect from today (September 1). Cooking gas cylinders have now become costlier by Rs. 25. You can check the new rates for your city here. #LPGPriceHike
newsbytesapp.com/news/india/lpg…
The revised rates are as follows:
Delhi: Rs. 884.50.
Mumbai: Rs. 884.50.
Chennai: Rs. 900.50.
Kolkata: Rs. 911 (the highest of all metro cities).
With the latest hike, LPG prices have increased by as much as Rs. 190 this year.
In February, the prices were hiked thrice - by Rs. 25, Rs. 50, and then again Rs. 25. The next month, there was another hike of Rs. 25. Thereafter, a price cut of Rs. 10 was announced as international oil prices dropped. The prices remained unchanged in June.
Read 5 tweets

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