State

Cooking gas cylinders cheaper by Rs.100 per cyl

DIMAPUR, JUL 1 (NPN) | Publish Date: 7/1/2019 11:15:52 AM IST

The price of non-subsidised Liquide Petroleum Gas (LPG) has been reduced by Rs 100 per cylinder from July 1, Indian Oil Corp (IOC) said. 

According to the reports, the new prices have been implemented from June 30 midnight. The price for a LPG cylinder in Delhi in June was Rs 737.50 which will be now changed to Rs. 637 per cylinder. 

In Dimapur, LPG will now cost Rs. 653 per cylinder, which was Rs. 755.50 per cylinder in June. In Kohima, the price of cylinder cost Rs. 654.50, while in Mokokchung, Wokha, Tuensang, Mon, Phek and Longleng the price was pegged at Rs. 651 per cylinder and in Zunheboto- Rs. 654.50

In a press release, Indian Oil said that the decision to reduce LPG price has been taken in view of deteriorating LPG prices in the international market and strengthening rupee against the dollar exchange rate. 

At present, the government subsidises 12 LPG cylinders of 14.2 kilograms each per household in a year, which is now priced at Rs 494.35 per cylinder. 

“As domestic LPG prices are subsidized by government, the Effective Price after subsidy to consumer will be Rs 494.35/cyl (per cylinder) for the month of July 2019,” the press release added. “The balance amount is borne as subsidy (Rs 142.65/cylinder) by the Central Government and is being transferred to the bank account of LPG consumers after purchase and delivery of a refill.

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