New Delhi: Domestic cooking gas (LPG) sees a price hike of Rs 2.08 per cylinder and non-subsidised gas by Rs 42.50 per unit Thursday, Indian Oil Corporation (IOC) said.
The increase in price comes after the tax impact on increased market rate of the fuel.
So it is clear that from March 1, LPG cylinder will cost Rs 495.61 in the National capital.
Currently it is Rs 493.53.
Non-subsidised or market-priced LPG rates have been hiked by Rs 42.50 per cylinder “mainly due to change in international price and foreign exchange fluctuations”, IOC added.
Revised rate thus stands at Rs 701.50 per 14.2-kg cylinder in Delhi.
The government subsidises 12 cylinders of 14.2 kg each per households in a year by providing the subsidy amount directly in bank accounts of users. However, amount varies every month depending on the changes in the average international benchmark LPG rate and foreign exchange rate.
Subsidy transfer has been increased to Rs 205.89 per cylinder in March 2019 as against Rs 165.47 February.
PNN/Agencies
