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Home» Economy» National» Non subsidised lpg cylinder price hiked by rs 36 50

Non-subsidised LPG cylinder price hiked by Rs.26.50

IANS | November 01, 2012, 04:31 PM IST
non subsidised lpg cylinder price hiked by rs 36 50

New Delhi :

 

The price of non-subsidised cooking gas (LPG) cylinders was Thursday hiked by Rs.26.50 to Rs.922 per cylinder.

The 14.2-kg liquid petroleum gas cylinder, which consumers purchase beyond their annual entitlement of six units at subsidised rates, will now cost Rs.922, up from Rs.895.50 in Delhi, according to the Indian Oil Corporation. 

A subsidised cooking gas (LPG) cylinder in Delhi costs Rs.410.42

The government had in September put a cap of six on subsidised cooking gas cylinders per household per year. Additional requirements have to be met at market rates.

Congress-ruled states have raised the subsidy limit from six to nine cylinders.

Oil marketing companies (OMCs) revise rates of non-subsidised LPG on the 1st of every month based on the average imported cost and rupee-US dollar exchange rate. 

Correspondingly, the price of a commercial 14.2-kg LPG cylinder in Delhi will go up to Rs.1,105.5, while for the 19-kg unit the price would be Rs.1,551.

The prices of non-subsidised 14.2-kg cylinder and those of commercial cylinders of the same size vary because the government allows customs and excise duty exemption to subsidised LPG used solely for domestic consumption.
 

SS/AB

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