New Delhi: Government-owned Indian Oil Corporation has increased price of a subsidised liquefied petroleum gas (LPG) 14.2 kg cylinder by 28 paise in New Delhi and 29 paise in Mumbai from Wednesday. Also Read - Domestic Flight Services Between Sikkim And Delhi Start After 1.5 Years | Details Here
The non-subsidised rates have been increased by Rs 6 per cylinder in both metros. Also Read - ‘You Can’t Teach Dignity’: TMC Leaders Slam BJP For Chanting Religious Slogans at Netaji Event
A non-subsidised LPG cylinder will now cost Rs 712.50 in New Delhi, Rs 684.50 in Mumbai, Rs 738.50 in Kolkata and Rs 728 in Chennai. Also Read - From LAC to LOC, World Witnessing Powerful Avatar of India Envisioned by Netaji, Says PM Modi in Kolkata
Subsidised LPG rates now stand at Rs 496.14 per cylinder in New Delhi, Rs 499.29 in Kolkata, Rs 493.86 in Mumbai and Rs 484.02 in Chennai.
Indian Oil is the country’s largest fuel retailer which supplies LPG under brand Indane. 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 household in a year by providing subsidy amount directly in the bank accounts.
This subsidy amount depends on changes in the average international benchmark LPG rate and foreign exchange rate.