According to a statement released by Indian Oil Corporation on its official website, subsidised LPG cylinder rates were raised in Delhi with effect from 1 August. "There is a marginal increase of Rs.1.76 per cylinder (from Rs. 496.26 in July 2018 to Rs. 498.02 in August 2018) in the effective price of Subsidised LPG cylinder in Delhi for domestic customers for the month of Aug 2018," the statement said.
The statement further explained the extent of the impact on consumers of subsidized LPG cylinders in Delhi would only be Rs 1.76 due to GST (goods and service tax) and said that the overall price rise was a result of the change in international rates and foreign exchange fluctuations.
"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 mainly due 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. Thus the domestic subsidised LPG customer is protected against the increase in prices of LPG."
Rates of LPG cylinders are revised at the start of every month by the state-owned oil marketer.
Prices of subsidized LPG cylinders (14.2 kg) in all metro cities as of 1 August 2018 are:
|City||Price (in Rs)|