New rules of LPG gas cylinder, only 15 cylinders can be purchased in a year for domestic kitchen

The clients’ allotment of household LPG gas cylinders has now been determined. The new regulation limits customers to purchasing only 15 cylinders annually. In a given year, no consumer will receive more than 15 cylinders. Customers will only be permitted to take two cylinders per month in addition to this. No more than two cylinders will be given to customers. No monthly or annual quota for obtaining the cylinder has yet been established.

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According to Moneycontrol’s news, the new rule states that there will only be 12 subsidized cylinders every year. A cylinder won’t qualify for a subsidy if you purchase it for more than this amount. The remaining cylinders must be purchased at full price.

Cylinder can be expensive

LPG costs could go up starting on October 1. During the price review that will take place on October 1st, natural gas prices may be raised. The government sets the price of gas once every six months. The government performs this action every year on 1 April and 1 October. Market rates determine the price of gas in countries where it is a surplus. Furthermore, CNG may become more expensive. Natural gas alone is used to produce LPG and CNG.

Commercial cylinder was cheaper

An LPG cylinder of 19 kilograms costing Rs 1,976.50 last month was reduced by Rs 36. There are many commercial establishments that use commercial LPG cylinders, such as hotels, restaurants, and other establishments. Since May, the price of commercial LPG has been reduced four times. In total, Rs 377.50 has been saved per cylinder. The cost of LPG gas used for residential cooking has not changed aside from this.

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Many rules related to banking will change on February 1, Know about the new changes

Next month, many changes will take place. Budget 2022-23 will be presented by Nirmala Sitharaman on February 1. Besides affecting the economy, it will also have an impact on the lives of ordinary citizens. The budget is not the only change that banks will be made from February 1.

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A change will also be made to the rules for money transfers at SBI Bank starting February 1. A bank charges Rs 20 plus GST for transferring money between Rs 2 lakh and Rs 5 lakh using IMPS. The Reserve Bank of India (RBI) increased IMPS transactions from Rs 2 lakh to Rs 5 lakh in October 2021. In addition, the Reserve Bank has increased the limit for IMPS transactions to Rs 5 lakh instead of Rs 2 lakh.

Bank of Baroda’s rules will change

On February 1, the Bank of Baroda will also change its check clearance rules. Customers will be required to use the positive pay system for check payments on February 1. Only after the check information is sent will the check be cleared. The changes are applicable to check clearances over Rs.10 lakh.

PNB rules will be stricter

Punjab National Bank’s (PNB) upcoming changes will directly affect your pocket. A penalty of Rs 250 will be charged if the installment or investment fails due to insufficient funds. Until now, this penalty was 100 rupees.

Price of a gas cylinder

Every month, LPG prices are fixed on the 1st. In this case, it has to be seen what is the fluctuation in-cylinder prices on 1st February. If prices increase, it will certainly affect your pocket.

The budget will be presented

The budget presentation will be held on February 1 by Finance Minister Nirmala Sitharaman. Tax rules related to direct and indirect taxes (personal income tax rates) may be changed. Budgeting can bring many more changes to your financial life.

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LPG cylinder price hiked: Domestic LPG more expensive by Rs 15

In response to a surge in international fuel prices, the price of cooking gas LPG was increased by Rs 15 per cylinder on Wednesday. Various LPG prices, including subsidised and non-subsidised ones, have been raised, officials said. Delhi and Mumbai now charge Rs 899.50 per cylinder for cooking gas.

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Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation – all state-run companies – have announced they will implement the new prices on October 6.

The price of 14.2 kg LPG cylinders has been raised by Rs 205.50 so far in 2021. A 25-rupee hike was last implemented on LPG cylinders on September 1.

At USD 82.53 per barrel, global benchmark Brent is higher than West Texas Intermediate, which has risen to USD 78.87. With effect from October 2, the PNG prices of Indraprastha Gas Limited have also increased.

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Check Prices of LPG in Indian metropolises and state capitals (Source: Goodsreturns)

CITYPRICE (OCT 2021)
New Delhi₹ 884.50
Mumbai₹ 884.50
Noida₹ 882.50
Gurgaon₹ 893.50
Bangalore₹ 887.50
Chandigarh₹ 894.00
Jaipur₹ 888.50
Trivandrum₹ 894.00
Patna₹ 983.00
Lucknow₹ 922.50
Hyderabad₹ 937.00
Bhubaneswar₹ 911.00
Kolkata₹ 911.00
Chennai₹ 900.50

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