Following a significant increase in gas prices by the federal government, there is another news for gas consumers to feel bad about, that is alongside the new price, the consumers will have to pay gas tariff hike from the last four months (July till October), ARY News reported.
Effective from November 1, the retail price of the 19 Kg commercial LPG gas cylinder in Delhi will see a hike of Rs 101, bringing the new rate to Rs 1833 per cylinder, according to official sources.
The price of onions hiked four times to Rs 80 a kg in the state capital Bhopal while thrice to Rs 60 a kg in Indore. The consumers are upset with the price rise yet are forced to buy as it is a necessary vegetable.
Amid the concerns of a looming recession, the European Central Bank (ECB) on Thursday put a hold on interest rates, marking the first instance when the rate was not raised in the last 15 months after record 10 hikes, CNN reported.
For domestic consumers, gas prices are set to surge by up to 172 per cent, with commercial consumers facing a 137 per cent increase, while cement manufacturers will experience a staggering 193 per cent hike starting November 1.
This development has prompted a special meeting of the Economic Coordination Committee (ECC) to convene, where discussions will revolve around a remarkable 3,900 per cent surge in fixed monthly charges and a substantial 194 per cent hike in consumer rates for natural gas.
Uttarakhand Chief Minister Pushkar Singh Dhami lauded the Centre's decision to increase the Minimum Support Prices (MSP) for all mandated Rabi crops for the 2024-25 marketing season and expressed gratitude to Prime Minister Narendra Modi for it.