LPG gas prices reduced by Rs 120.50 per cylinder -Governance Now

LPG gas prices reduced by Rs 120.50 per cylinder

The price reduction has been attributed to plummeting prices of LPG in global market and strengthening of US Dollar-Indian Rupee exchange rate

GN Bureau | January 2, 2019

#LPG cylinder #gas cylinder #cooking gas #IOCL

The government has reduced the price of non-subsidised LPG gas in Delhi by Rs 120.50 per cylinder from January 1, 2019.

The price reduction has been attributed to plummeting prices of LPG in global market and strengthening of US Dollar-Indian Rupee exchange rate. Now domestic LPG consumers will need to pay Rs 689.00 per cylinder against the previous rate of Rs 809.50.

As domestic LPG prices are subsidised by the government, the effective price after subsidy to consumers will reduce by Rs 5.91 per cylinder (from Rs 500.90 in December 2018 to Rs 494.99 in January 2019). The reduction is on account of GST impact on decrease in price of non-subsidised LPG.

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