For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

LPG Cylinder Prices Raised For The Fourth Consecutive Month

By Staff
|

In its monthly revision, prices of non-subsidized 14.2 kg LPG (liquid petroleum gas) cylinders were raised by an average of Rs 15 on Sunday by the state-owned Indian Oil Corporation Limited (IOC) across major Indian cities. This is the fourth consecutive month of increase in rates despite a slump in international crude prices.

LPG Cylinder Prices Raised For The Fourth Consecutive Month

 

The new rates will be effective from 1 December.

CitiesPrices with effect from 1 December 2019 (Rs)Previous price (Rs)Change (Rs)
Delhi695.00681.5013.50
Kolkata725.50706.0019.50
Mumbai665.00651.0014.00
Chennai714.00696.0018.00

In October, prices of non-subsidized 14.2 kg LPG cylinders were raised marginally by an average of Rs 13.5 in the four metro cities, while November saw an increase of as much as Rs 76.50 per cylinder.

These rates are set by state-owned oil retailers based on international crude rates and rupee's exchange rates.

Households in India are allowed a maximum of 12 LPG cylinder purchases per year at subsidized rates. However, cylinders have to be bought at full price at the time of purchase, and the subsidy is then credited to the customer's bank account by the government.

Subsidy received on these cylinders varies every month based on the changes in the pricing and tax rates. Further, GST (goods and service tax) on these cylinders are calculated on the market rates.

Residents also have the choice of voluntarily opt-out of subsidy.

Read more about: lpg
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more