Subsidised LPG Price Hiked by Rs 2.89, to Cost Rs 502.4 Per Cylinder

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The price of subsidised cooking gas (LPG) on Sunday was hiked by Rs 2.89 in Delhi to cost Rs 502.4 per cylinder.

Moreover, the non-subsidised LPG price was increased by Rs 59.00 per cylinder, mainly due to change in international price and foreign exchange fluctuations, a statement released by Indian Oil Corporation (IOC).

It further said that the actual impact on subsidised domestic LPG customers is only Rs 2.89 per cylinder, which is mainly due to GST.

The subsidy transfer in customers’ bank account in October will increase to Rs 376.60 per cylinder as against Rs 320.49 per cylinder in September 2018.

“Therefore, the domestic subsidised LPG customer is protected against the increase in prices of LPG,” the statement said.

However, fuel price continues to increase across the country with Petrol being sold at Rs 83.73 per litre in Delhi and Rs 91.08 per litre in Mumbai. As well as the price of Diesel climbed up as it was retailed at Rs 75.09 per litre in Delhi and Rs 79.72 per litre in Mumbai.