Mumbai, June 10: After a hike of Rs 25 earlier this month, prices of non-subsidised liquefied petroleum gas (LPG) cylinder have crossed Rs 700-mark in Mumbai. A 14.2 kg LPG cylinder is being sold at Rs 709.5 in the financial capital of the country. The rate of a subsidised LPG cylinder has gone up by just a rupee in June. A subsidised LPG cylinder is now retailing at Rs 495 in Mumbai.

There has been a rise in the price of non-subsidised LPG cylinder in the last four months. In November last year, the rate of non-subsidised LPG cylinder crossed Rs 900. It dropped to Rs 780 in December, and further to Rs 660 in January. However, after a decrease of Rs 30 in February, the price has gone only upwards, first to Rs 673 in March, then to Rs 678 in April, and 684.5 in May. LPG Price Hike Protests: Mamata Banerjee Targets Modi Govt.

"We gave up subsidy in the larger interest of the nation. Now we have to face the pinch of price hikes," said Kusum Shah, a consumer from Mulund, was quoted by Times of India as saying. Prime Minister Narendra Modi had in March 2015 launched the 'Give Up Subsidy' campaign, under which more a crore Indians gave up concessions provided on LPG cylinders by the government.

The government subsidises 12 LPG cylinders of 14.2 kilograms each per household in a year. It provides the subsidy amount directly to the consumer's bank account. The consumer has to bear the market price for additional LPG cylinders in a year.

(The above story first appeared on LatestLY on Jun 10, 2019 03:30 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).