In this article we are giving you the latest LPG Gas Cylinder Price in Muzaffarpur today. Note that, we update this article on a monthly basis or whenever we notice a price change. Muzaffarpur has numerous gas agencies and some of the popular ones are Indane, HP, Bharat Gas, Reliance and more. However, this article is not dedicated to these agencies, instead here we talk about the latest LPG Gas Cylinder Price in Muzaffarpur today. Hence, without any further delay here is the latest LPG Gas rate in Muzaffarpur.
Today LPG Gas Cylinder Price in Muzaffarpur
- The price of 14.2 kg LPG Cylinder is Rs. 998.94
- 19 kg Commercial LPG Gas Cylinder Price is Rs. 1944.24
- 5 kg Commercial LPG Gas Cylinder Price is Rs. 542.54
- 5 kg Domestic LPG Gas Cylinder Price is Rs. 368.54
Who Decides LPG Price?
In India, the price of LPG depends on two factors. The first one is the International Benchmark Rate whereas the second one is the exchange rate of US dollar and rupee. However, the fuel retailers revises the price every month and sell it at market price. Currently, the Indian Government subsidises 12 cylinders for each household per year.
In the Budget 2020, the government increased the allocation for providing subsidised fuel (LPG and Kerosene) by 6% (around Rs. 40915.21 crore) for the next fiscal year.
So, from above you can concude, although the fuel retailers revises the price of LPG Cylinders each month, the price is regulated by the International Benchmak Rate and Exchange rate of US dollar and rupee.