LPG cylinder price: The government subsidises 12 cylinders of 14.2-kg each per households in a yearLPG or liquefied petroleum gas prices were hiked with effect from Wednesday, May 1.
While the subsidised LPG prices were increased by 28 paise per cylinder (14.2 kilograms) in Delhi and 29 paise per cylinder in Mumbai, the non-subsidised rates were increased by Rs 6 per cylinder each in the two metros, according to data from Indian Oil Corporation.
State-run Indian Oil Corporation (IOC) is the country's largest fuel retailer which supplies LPG under brand Indane.
(How LPG gas price has changed so far this year)Non-subsidised LPG cylinder priceEffective cost to consumer without subsidy from May 1, 2019MetroPrice per cylinder (14.2 Kg)DelhiRs 712.50KolkataRs 738.50MumbaiRs 684.50ChennaiRs 728.00(Source: iocl.com)With effect from May 1, non-subsidised LPG prices stood at Rs712.5 per cylinder in Delhi, Rs 738.5 per cylinder in Kolkata, Rs684.5 per cylinder in Mumbai and Rs728 per cylinder in Chennai, according to Indian Oil Corporation, which supplies the cooking gas under brand Indane.Subsidised LPG cylinder priceEffective cost to consumer after subsidy from May 1, 2019MetroPrice per cylinder (14.2 Kg)DelhiRs 496.14KolkataRs 499.29MumbaiRs 493.86ChennaiRs 484.02(Source: iocl.com)Subsidised LPG rates stood at Rs 496.14 per cylinder in Delhi, Rs499.29 per cylinder in Kolkata, Rs493.86 per cylinder in Mumbai and Rs484.02 per cylinder in Mumbai, according to Indian Oil.Change in LPG cylinder prices so far this yearHowever, non-subsidised LPG prices in the four metros have been lowered in the range of Rs 96-98.5 per cylinder so far this year.
Subsidised LPG rates have been lowered by Rs 4.71-4.83 per cylinder during this period, the data showed.Currently, LPG consumers in the country have to purchase the fuel at market prices.
The government subsidises 12 cylinders of 14.2-kg each per households in a year by providing the subsidy amount directly in the bank accounts.This subsidy amount varies from month to month depending on the changes in the average international benchmark LPG and foreign exchange rates.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections.
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