Liquified Petroleum Gas (LPG) is an energy source that has been used for many years to provide heat, light and power for many households in India. In the past 10 years, the price of LPG gas cylinders has seen significant changes. In this article, we will be taking an in-depth look at the price of LPG gas cylinders in the last 10 years and what factors have led to these changes.
What is LPG Gas and How is it Used?
Liquified Petroleum Gas (LPG) is a form of fuel that is produced from natural gas and petroleum. It is a mixture of propane and butane. LPG is used as a fuel source for many appliances and industrial applications, including cooking, heating, lighting, and powering cars and other vehicles. It is also used for other applications such as refrigeration, sterilization and welding.
How Has the Price of LPG Gas Cylinders Changed in the Last 10 Years?
The price of LPG gas cylinders has seen a significant change over the past 10 years. In 2013, the price of a 14.2 kg cylinder was Rs.399. By 2018, the price had increased to Rs. 819, an increase of over 104%. This increase was due to the rising cost of production and transportation of LPG gas cylinders, as well as the introduction of new taxes and duties on the product.
What Factors Have Affected the Price of LPG Gas Cylinders in the Last 10 Years?
There are many factors that have contributed to the changing price of LPG gas cylinders in the last 10 years. The most significant factor is the increase in the cost of production and transportation of the product. The rising cost of crude oil, the introduction of new taxes and duties on the product, and the increasing cost of resources used in the production of LPG gas cylinders have all contributed to the rising price.
What Other Factors Have Affected the Price of LPG Gas Cylinders in the Last 10 Years?
Apart from the increase in production and transportation costs, there are other factors that have affected the price of LPG gas cylinders in the last 10 years. The government’s policy of subsidizing LPG gas cylinders has also had an effect on the price. This has resulted in a decrease in the price of LPG cylinders in some regions. In addition, the introduction of new technologies and the increasing popularity of solar energy has also had a positive impact on the price of LPG gas cylinders.
What Can We Expect in the Future?
Looking ahead to the next 10 years, we can expect to see the price of LPG gas cylinders continuing to rise. This is due to the increasing cost of production and transportation, the introduction of new taxes and duties, and the rising cost of resources used in the production of LPG gas cylinders. In addition, the increasing popularity of solar energy and other alternative forms of energy may also have a positive effect on the price of LPG gas cylinders.
Conclusion
The price of LPG gas cylinders has seen a significant change in the last 10 years. The rising cost of production and transportation, the introduction of new taxes and duties, and the rising cost of resources used in the production of LPG gas cylinders have all contributed to the changing price. Going forward, we can expect the price of LPG gas cylinders to continue to rise, due to the increasing cost of production and transportation, the introduction of new taxes and duties, and the rising cost of resources used in the production of LPG gas cylinders.
