IOCL revises domestic subsidised LPG prices

The subsidised cylinder which used to cost Rs 493.55 per unit in June is now available at Rs 496.26 in July

GN Bureau | July 3, 2018


#Indian Oil   #PSU   #IOCL  

Indian Oil has increased the price of cooking gas by Rs 2.71 per cylinder in the effective price of subsidised LPG cylinder in Delhi for domestic customers. The corporation said that the hike is mainly on account of GST on revised price of domestic non-subsidized LPG.

The subsidised cylinder which used to cost Rs 493.55 per unit in June is being sold at Rs 496.26 in July.

While the price of non-subsidized LPG in Delhi will increase by Rs 55.50 per cylinder in July due to surge in international price of LPG by $57 per MT, the actual impact is only Rs 2.71 per cylinder for domestic customers, mainly because of GST levied on the above, IOCL said.

The balance Rs 52.79 (Rs 55.50 minus Rs 2.71) is being compensated to the customers by increase in subsidy transfer to their bank account. Accordingly, the subsidy transfer in customer’s bank account has been increased to Rs 257.74 per cylinder in July as against Rs 204.95 per cylinder in June. The corporation said domestic LPG customer is protected against the increase in international prices of LPG.

Comments

 

Other News

Paediatricians call for junking unhealthy food

As children are consuming more and more fast foods and sweetened beverages are becoming, leading to obesity and related non-communicable diseases (NCDs), the Indian Academy of Pediatrics (IAP) has come out with guidelines on such substances. The dietary guidelines under its nutrition chapter

Modi’s forward-looking I-Day speech lays down 5-year agenda

Contrast prime minister Narendra Modi’s first Independence Day speech in 2014 with his latest, the first in the second term, and you know the difference. His first speech was less about future and much about the basic needs like Swachch Bharat (clean India). His speech on Thursday, on the other hand,

Better cities require active citizen engagement

With Mumbai city battling myriad civic issues and annual flooding year after year, stakeholders and experts came together to discuss ways of dealing with these issues as community work. The discussion was held at the TEDxVersova Salon- Vibrant Civic Participation, an independent TED event organized by the

Independence Day: PM underlines new beginnings

Addressing the nation from the ramparts of the Red Fort for the first in his second term, prime minister Narendra Modi highlighted the new beginnings his government has made in recent days, and underlined the hopes of a new India in the making. “Things that could not happen in the past

Kashmir decision “sole prerogative of the country”

India has told China that the legislation changing the status of Jammu and Kashmir was “an internal matter. External affairs minister S Jaishankar, visiting China Monday, told foreign minister Wang Yi that the legislative measures were aimed at promoting better governance and socio-ec

To fight climate change, pay attention also to land

When considering climate change, one of the greatest threats before the humanity, discussions usually focus on air and water, but land too is affected by and in turn affects global warming as much as those two elements. A new report from the Intergovernmental Panel on Climate Change (IPCC), out early Augus



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter