The price of non-subsidised LPG will go down by Rs 62.50 per 14.2 Kg cylinder from today (August 1, 2019) onwards in Delhi. The rates have been decreased based on LPG prices in the international market and US Dollar-Rupee exchange rate. Accordingly, domestic LPG consumers will now have to make an upfront cash payment of Rs 574.50 per 14.2 Kg cylinder in August 2019 instead of Rs 637 per cylinder that was being paid in July 2019.
KEY HIGHLIGHTS
- Price of non-subsidized LPG reduced by 62.50 per cylinder
- The price of non-subsidized LPG cylinder will be Rs 574.50 from August 1
- The price of non-subsidized LPG on Wednesday was cut due to softening of international rates
Earlier on June 30, the cost of LPG cylinders was cut by Rs 100.50. With this reduction, the cost of cooking gas came down Rs 637 per cylinder from Rs 737.50. Hence the cost of non-subsidized LPG cylinders has decreased by a total of Rs 163 in two months while in a month, the subsidized LPG price is Rs 494.35 per cylinder.
On Wednesday, the Indian Oil Corporation (IOC) released a statement that said, “The price of non-Subsidised LPG at Delhi will decrease by Rs.62.50/14.2 Kg cylinder w.e.f. 1st August 2019 based on LPG prices in the international market and US$-Rupee exchange rate. Accordingly, the upfront cash payment by the consumers of domestic LPG will also reduce by Rs.62.50/cylinder. Domestic LPG consumers will now be required to make an upfront cash payment of Rs.574.50/- only per 14.2 Kg cylinder in August 2019 in place of Rs.637.00/- per cylinder for July 2019.”
Indian Oil Corporation (IOC) in a press statement further said, “It may be noted that the price of Non-Subsidised LPG was reduced by Rs.100.50/cylinder earlier in July 2019 also. Considering this, the price of Non-Subsidised LPG cylinder has come down by Rs.163.00/cylinder cumulatively in two months.”
Hence it meant that a non-subsidised 14.2 kg cylinder now costs Rs 574.50 in Delhi, Rs 601 in Kolkata, Rs 546.50 in Mumbai and Rs 590.50 in Chennai.
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