The Centre has decided to hike the LPG cylinder and the new rates would be applicable from today (Thursday). According to a notification issued by oil firms, this time, LPG cylinder price has been hiked by Rs 25 per unit. The Government has also hiked the prices of the commercial cylinder by Rs 184 per unit. The revised rate of cooking gas cylinder will be effective from today i.e February 4 2021. In December 2020, oil companies had increased LPG prices twice and in January 2021, they kept the LPG price unchanged. So, in February 2021, it was expected that oil companies would increase LPG prices. Indian Oil is the country’s largest fuel retailer, supplies LPG. Fuel retailers revise the prices of LPG cylinders every month. Fuel retailers sell LPG cylinders at the market price but the government subsidises 12 cylinders each household per year by providing direct subsidy.