LPG Cylinder Price Hiked: Here's How Much You Need to Shell Out
Thursday, November 1, 2018 IST
For the month of November, LPG consumers will pay Rs. 505.34 per cylinder at subsidised rates, and Rs. 939 per cylinder at non-subsidised rates.
New Delhi: LPG or cooking gas prices were increased by Rs 60 for a 14kg non-subsidised cylinder and by Rs 2.94 for subsidised cylinder, marking the sixth monthly increase in a row since June.
"Increase in LPG prices was due to change in international price and foreign exchange fluctuations, Indian Oil Corporation, the supplier of LPG cylinders under brand Indane, said in a statement. It also said that the actual impact on subsidised domestic LPG customers is mainly due to GST (Goods and Services Tax).
For the month of November, LPG consumers will pay Rs. 505.34 per cylinder at subsidised rates, and Rs. 939 per cylinder at non-subsidised rates. Since June, the subsidised LPG prices have been raised by a total Rs. 14.13 per cylinder in Delhi.
Indian Oil said the subsidy transfer in the customer's bank account has been increased to Rs. 433.66 per cylinder in the next month, as against Rs. 376.60 per cylinder this month.
The government subsidises 12 LPG cylinders of 14.2 kilograms each per household in a year. It provides the subsidy amount directly in the consumer's bank account. The consumer has to bear the market price for additional LPG cylinders in a year.
This subsidy amount varies from month to month depending on the changes in the average international benchmark LPG and foreign exchange rates.
Related Topics
Trending News & Articles
While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content.
...
Recently posted . 64K views . 1 min read
The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...
Recently posted . 10K views . 1 min read
Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million.
Rahul and his girl friend was th...
Recently posted . 9K views . 7 min read
True – Tr...
Recently posted . 8K views . 83 min read
More in National
A bench of the Allahabad High Court has prohibited photography within 100 metres of the bathing ghats at the Kumbh Mela currently underway in Prayagraj, Uttar Prade...
Recently posted. 932 views . 1 min read
Speaking at the event, Anand Kumar exhorted the strong Indian community living in the USA and across the world to help education become the strongest weapon to figh...
Recently posted. 836 views . 1 min read
COIMBATORE: A 19-year-old student died during a disaster preparedness drill at a college in Coimbatore in Tamil Nadu on Thursday. Lokeswari was a...
Recently posted. 916 views . 1 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 2K views
Recently posted . 2K views
Recently posted . 3K views . 34 min read
Recently posted . 3K views . 19 min read
With an aim to ease the existing tax regime in the country, the government on 1 July last year introduced the goods and services tax
Recently posted. 955 views . 1 min read
Shaheen Bagh: Last week, Delhi Police had urged the anti-CAA protesters at Shaheen Bagh - mostly women - to call off their agitation.
Recently posted. 1K views . 0 min read