Price of subsidised LPG gas up by Rs 1.76 per cylinder

While the price of non-subsidised LPG in Delhi will increase by Rs 35.50 per cylinder in August, the actual impact on subsidised domestic customers is only Rs 1.76

GN Bureau | August 6, 2018


#Indian Oil   #PSU   #IOCL  

Indian Oil Corporation has increased the price of LPG cooking gas by Rs 1.76 per cylinder, taking cost of a subsidised cylinder from Rs 496.26 in July to Rs 498.02 in August in Delhi for domestic customers.

While the price of non-subsidised LPG at Delhi will increase by Rs 35.50 per cylinder in August, 2018 mainly due to change in international price and foreign exchange fluctuations, the actual impact on subsidised domestic LPG customers is only Rs 1.76 per cylinder, which is attributed to GST on the above.

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. IOCL says the domestic subsidised LPG customer is protected against the increase in prices of LPG.

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