Non-subsidised LPG cylinder price hiked by Rs.26.50

Non-subsidised LPG cylinder price hiked by Rs.26.50

BureauUpdated: Sunday, June 02, 2019, 12:45 AM IST
article-image

New Delhi: The price of non-subsidised cooking gas (LPG), which consumers buy beyond the cheaper quota of six cylinders, was today hiked by Rs 26.50 to Rs 922 per unit on firming international rates.

The 14.2-kg cooking gas cylinder that consumers buy beyond their entitled six bottles at subsidised rates, will now cost Rs 922, up from Rs 895.50 in Delhi, according to Indian Oil Corp, the nation’s largest fuel retailer.

The government had in September restricted the supply of subsidised domestic LPG cylinders to six per household in a year.

Any requirement above this will have to be bought at market rate, which is more than double the subsidised price of Rs 410.42 per cylinder in Delhi.

State-owned oil firms revise rates of non-subsidised LPG on 1st of every month based on the average imported cost and rupee-US dollar rate during the previous month.

There is no restriction on the number of non-subsidised cylinders that a consumer buys beyond the six subsidised bottles.

The price of commercial 14.2-kg LPG cylinder in Delhi will be Rs 1,105.5, while that of a 19-kg bottle would be Rs 1,551.

A commercial or non-domestic cylinder was previously priced at Rs 1,075 per 14.2-kg bottle. Similarly, the 19-kg cylinder was priced at Rs 1,536.5.

Rates of non-subsidised 14.2-kg cylinder and those of commercial bottles of the same size differ because the government has granted exemption from customs and excise duty on non-subsidised LPG cylinders only for domestic consumption to reduce the price burden on the common man.

RECENT STORIES

Harani Lake Boat Tragedy: Gujarat High Court Orders Inquiry Against Former Vadodara Municipal...

Harani Lake Boat Tragedy: Gujarat High Court Orders Inquiry Against Former Vadodara Municipal...

Bangalore North Lok Sabha Elections 2024: Key Candidates, Constituency Profile, All You Need To Know

Bangalore North Lok Sabha Elections 2024: Key Candidates, Constituency Profile, All You Need To Know

PM Modi Speaks To Giorgia Meloni On Phone, Extends Greetings On Italy's Liberation Day

PM Modi Speaks To Giorgia Meloni On Phone, Extends Greetings On Italy's Liberation Day

Bangalore Central Lok Sabha Elections 2024: Key Candidates, Voter Share; All You Need To Know

Bangalore Central Lok Sabha Elections 2024: Key Candidates, Voter Share; All You Need To Know

Western Railway To Run 3 Pairs Of Summer Special Trains To Various Destinations To Meet Travel...

Western Railway To Run 3 Pairs Of Summer Special Trains To Various Destinations To Meet Travel...