Oil Marketing Companies raised the prices of subsidised domestic Liquefied Petroleum Gas (LPG) for customers by Rs 2.94 to Rs 505.34 per cylinder today.
The price of non-subsidised LPG at Delhi will increase by Rs 60.00 per cylinder in November 2018 mainly due to change in international price and foreign exchange fluctuations, Indian Oil Corporation (IOC) said in a statement.
The actual impact on subsidised domestic LPG customers is only Rs 2.94 per cylinder, which is mainly due to GST on the above, the country’s largest fuel retailer added.
The company also said the subsidy transfer in customers’ bank account has been increased to Rs 433.66 per cylinder in November 2018 as against Rs 376.60 per cylinder in October. Read more