AMN / NEW DELHI
The price of non-subsidised LPG has been reduced by one hundred rupees and 50 paise per cylinder on the back of softening of international market rates.
Indian Oil Corporation in a release said that the new rate will be effective from tomorrow. Now the non-subsidised cooking gas in Delhi will be priced at 637 rupees per cylinder from 737 rupees 50 paise currently.
Subsidised cooking gas price will be 494 rupees 35 paise per cylinder.
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.
As domestic LPG prices are subsidized 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.