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Sat, 21 Sep 2019

Northeast Today

Non-subsidised LPG gets cheaper by Rs 62.50, checks new rate in your city

Non-subsidised LPG gets cheaper by Rs 62.50, checks new rate in your city
August 01
11:35 2019

NET Bureau

Non-subsidised cooking gas (LPG) has been cut yet again by Rs 62.50 per cylinder starting Thursday, reflecting the softening international rates for the same.

The fresh rate cut comes shortly after the price of non-subsidised LPG was reduced by Rs 100.50 per cylinder in July 2019. Taking both the price cuts into account, the price of non-subsidised LPG has been reduced by Rs 163 in two months.

“It may be noted that the price of non-subsidised LPG was reduced by Rs.100.50/cylinder earlier in July 2019 also. Considering this, the price of non-Subsidised LPG cylinder has come down by Rs.163.00/cylinder cumulatively in two months,” said Indian Oil Corporation (IOC) in a press statement on Wednesday.

From today, the price of non-subsidised LPG cooking gas will be reduced by Rs 62.50 per 14.2 kg cylinder in Delhi while the price will be reduced by Rs 62 in Mumbai and Chennai. The new rates will be effective starting today as LPG prices are revised every month.

“The price of non-Subsidised LPG at Delhi will decrease by Rs.62.50/14.2 Kg cylinder w.e.f. 1st August 2019 based on LPG prices in the international market and US$-Rupee exchange rate. Accordingly, the upfront cash payment by the consumers of domestic LPG will also reduce by Rs.62.50/cylinder. Domestic LPG consumers will now be required to make an upfront cash payment of Rs.574.50/- only per 14.2 Kg cylinder in August 2019 in place of Rs.637.00/- per cylinder for July 2019,” said IOC’s statement.

This means that a non-subsidised 14.2 kg cylinder now costs Rs 574.50 in Delhi, Rs 601 in Kolkata, Rs 546.50 in Mumbai and Rs 590.50 in Chennai.

While all LPG consumers are required to buy cooking gas at market price, the government subsidises 12 cylinders of 14.2 kg per household in a year and deposits the subsidy amount directly to bank accounts of consumers.

 

Source: India Today

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