Non-Subsidised LPG Price Reduced by Over Rs 100 Per Cylinder

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(Photo: Reuters)

The price of non-subsidised LPG on Sunday, 30 June, was cut by over Rs 100 per cylinder on the back of softening international rates, Indian Oil Corp (IOC) said.

The cooking gas in Delhi will be priced at Rs 637 per cylinder from midnight tonight as against Rs 737.50 currently, IOC said in a statement.

“The price of Non-Subsidised LPG at Delhi will decrease by Rs.100.50/cylinder w.e.f. 1st July 2019 based on LPG Prices in international market and US$-rupee exchange rate. Accordingly, the upfront cash payment by the consumer of domestic LPG will also reduce by Rs.100.50/cylinder. Domestic LPG consumer will now be required to make upfront cash payment of Rs.637.00/- cylinder in place of Rs.737.50/- cylinder,” the statement read.

“As domestic LPG prices are subsidised by Government, the Effective Price after subsidy to consumer will be Rs 494.35/cyl for the month of July 2019. The balance amount is borne as subsidy (Rs 142.65/cylinder) by the Central Government and is being transferred to the Bank account of LPG consumers after purchase and delivery of a refill.”

(With inputs from PTI)