New Delhi: The price of non-subsidised LPG was cut by over Rs 100 per cylinder on the back of softening international rates, Indian Oil Corp (IOC) said on Sunday.
The cooking gas in Delhi will be priced at Rs 637 per cylinder from midnight tonight as against Rs 737.50 currently, IOC said in a statement. Subsidised cooking gas price will be Rs 494.35 per cylinder.
An increase in LPG prices will affect the common man in general as they have to bear the brunt of the rising fuel prices in the current market scenario. The best part of it is the government of India is currently providing subsidy on the sale of domestic LPG cylinders to the consumers. The subsidy amount is directly credited to the individuals bank account after the purchase of the cylinder. The subsidy amount varies every month and is dependent on the changes in the average international benchmark LPG prices added with the foreign exchange rate.