LPG price down Rs 133 as international rates fall

LPG price down Rs 133 as international rates fall

After crawling up for six months, the price of subsidised cooking gas refill dropped by Rs 6.52 per cylinder and non-subsidised cylinders by Rs 133 each as a reduction in the fuel’s base price pared the applicable tax.

A 14.2-kg subsidised LPG cylinder will cost Rs 500.90 in Delhi from Friday against Rs 507.42. The reduction will vary in other states according to the prevalent tax rate. A non-subsidised domestic LPG cylinder will now cost Rs 809.50 in Delhi.

Upfront cash payment by the consumer for purchase of domestic LPG refill will reduce by Rs 133 cylinder, i.e. from Rs 942.50 per cylinder to Rs 809.50 cylinder in December in Delhi market, IOC said. Subsidised cooking gas consumers will now get Rs 308.60 per cylinder subsidy for December in their bank accounts, down from Rs 433.66 in November.

This is the first reduction in six months, during which the price of subsidised cylinder had cumulatively risen by Rs 14.13 per cylinder due to incremental increase in tax as a result of rising base price. Read More

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