Domestic gas consumers in India have a good news. Indian Oil corporation has announced a cut in gas cylinder prices. Country’s biggest oil company announced that the price of subsidised LPG cylnder in Delhi will decrease by Rs 6.52 from tomorrow. The price of non-subsidised LPG cylinder in Delhi has also been cut by Rs 133.00 per cylinder.
The company said the price has been reduced due to fall in global crude oil prices. Currently, price of subsidised LPG in Delhi is Rs 507, while the non-subsidised LPG is sold at Rs 942 per cylinder. After the price cut, subsidised cylinder in Delhi will cost Rs 500.90.
The price reduction comes after six consecutive monthly hikes in rates since June. Prior to this price cut, rates had gone up by Rs 14.13 per cylinder since then.
Subsidised LPG rates were last hiked by Rs 2.94 per cylinder with effect from November 1. Read More
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