INSUBCONTINENT EXCLUSIVE:
Every household in the country is entitled to 12 LPG cylinders at subsidised rates in a yearLPG or cooking gas prices were increased on
Wednesday, marking the sixth monthly increase in a row since June
While the hike in subsidised LPG was to the tune of Rs 2.94 per cylinder in Delhi, the increase in non-subsidised cooking gas was Rs 60 per
cylinder, Indian Oil Corporation, the supplier of LPG cylinders under brand Indane, said in a statement late on Wednesday
The new LPG rates will be applicable to LPG cylinders in Delhi in November, according to Indian Oil, the country's largest fuel
retailer.Indian Oil said Wednesday's increase in LPG prices was "due to change in international price and foreign exchange fluctuations"
It also said that the actual impact on subsidised domestic LPG customers is mainly due to GST (Goods and Services Tax).For the month of
customer's bank account has been increased to Rs 433.66 per cylinder in the next month, as against Rs 376.60 per cylinder this month.All LPG
consumers have to buy the fuel at market price
The government, however, subsidises 12 cylinders of 14.2 kilograms each per households in a year by providing the subsidy amount directly in
bank accounts of users.This subsidy amount varies from month to month depending on the changes in the average international benchmark LPG
rate and foreign exchange rate.(With agency inputs)
