INSUBCONTINENT EXCLUSIVE:
Households in the country are allowed 12 LPG cylinders a year at subsidised ratesLPG prices were increased in Delhi on Tuesday
Indian Oil said in a statement that the increase in non-subsidised price of LPG will be Rs 35.50 per cylinder in August, compared to the
Subsidised LPG - or cooking gas - will cost the consumer Rs 1.76 per cylinder more from Wednesday, said state-run Indian Oil, which supplies
LPG or cooking gas under brand Indane
At present, the consumer has to shell out Rs 496.26 for an LPG cylinder of 14.2 kilograms at subsidised rate and Rs 754 per cylinder at
non-subsidised price in the national capital.Here are five things to know about the price of LPG cylinder in Delhi:1
Indian Oil, the country's largest fuel retailer, attributed the action on LPG prices to "change in international price and foreign exchange
During the month of August, LPG in Delhi will be sold at subsidised and non-subsidised rates of Rs 498.02 per cylinder and Rs 789.5 per
cylinder respectively, according to Indian Oil
In July, subsidised and non-subsidised LPG prices were raised by Rs 2.71 per cylinder and Rs 55.50 per cylinder respectively.3
"The actual impact on subsidised domestic LPG customers is only Rs.1.76 per cylinder, which is mainly due to GST on the above," Indian Oil
The subsidy transfer in customers' bank account has been increased to Rs
291.48 per cylinder in August 2018 as against Rs
257.74 per cylinder in July 2018
"Thus the domestic subsidised LPG customer is protected against the increase in prices of LPG," Indian Oil further said.5
Households in the country are allowed 12 cylinders a year at subsidised rates
Any consumption beyond this limit is charged at non-subsidised rates.Currently, oil firms revise LPG price every month
The government provides subsidy on sale of LPG cylinders to the consumer
The government transfers the subsidy amount to consumers directly in their bank accounts
This subsidy amount varies from month to month depending on the changes in average international benchmark LPG rate and foreign exchange
rate.Meanwhile, Indian Oil earlier on Tuesday announced a marginal hike in petrol and diesel prices across Delhi, Kolkata, Mumbai and
Chennai.(With agency inputs)
