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Dhaka Sunday,  Feb 28, 2021

India: Non-Subsidised LPG Price Cut

NDTV

Non-subsidised LPG or liquefied petroleum gas prices were reduced by up to 65 per cylinder in metros on Wednesday. That marked a second consecutive month of cut in the cooking gas rates. With effect from April 1, the price of non-subsidised LPG was decreased by Rs 61.5 per cylinder (14.2 kilograms) and Rs 62 per cylinder in Delhi and Mumbai respectively, data from Indian Oil Corporation showed. Indian Oil – the country’s largest fuel retailer – supplies LPG under brand Indane.

With effect from April 1, Indian Oil consumers in Delhi and Mumbai have to shell out Rs 744 and Rs 714.50 respectively for each refill of non-subsidised LPG – or cooking gas. Until now, they were paying Rs 805.50 and Rs 776.50 per cylinder respectively.

Taking into account the reduction in February, the price of non-subsidised cooking gas has been lowered by a cumulative Rs 114.5 per cylinder so far. Prior to the current cycle of downward revisions, the prices were raised in past six months.

Currently, the government subsidises 12 cylinders of 14.2 kilograms each per household in a year. The consumer has to make any additional purchases at the market price.

The amount of subsidy – provided by the government on the annual quota of 12 refills varies from month to month – is determined broadly by factors such as the rates of crude oil and foreign exchange (rupee vs dollar).

Here are the latest prices of Indane non-subsidised LPG in the four metros:

Price In Rupees Per 14.2 KG Cylinder

    City  With Effect   From April 1  Existing
  Delhi    744      805.5
 Kolkata     774.50    839.5
 Mumbai      714.50    776.5
  Chennai     761.50     826

(Source: iocl.com)

 

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