LPG or cooking gas prices were reduced with effect from July 1, 2019, reversing a rising trend in the past four months. In Delhi and Mumbai, the prices of non-subsidised LPG cylinders were lowered by Rs. 100.5 per cylinder (14.2 kilograms) and Rs. 101 per cylinder respectively, data from Indian Oil Corporation showed. State-run Indian Oil supplies LPG under brand Indane. The subsidised LPG cylinder price was lowered by Rs. 3.02 per cylinder and Rs. 3.05 per cylinder in Delhi and Mumbai, respectively.
Here are 10 things to know about LPG (cooking gas) cylinder prices today:
1. The non-subsidised LPG price has been revised to Rs. 637 per cylinder in Delhi, Rs. 662.5 per cylinder in Kolkata, Rs. 608.5 per cylinder in Mumbai and Rs. 652.5 per cylinder in Chennai from July 1.
2. That meant a cut of Rs. 100.5 per cylinder each in Delhi and Chennai, and Rs. 101 per cylinder each in Kolkata and Mumbai.
3. With effect from July 1, subsidised LPG rates stand at Rs. 494.35 per cylinder in Delhi, Rs. 497.47 per cylinder in Kolkata, Rs. 492.04 per cylinder in Mumbai and Rs. 482.23 per cylinder in Chennai.
4. That marks a reduction to the tune of Rs. 3.02 per cylinder in subsidised LPG rates each in Delhi and Chennai compared to the previous month. In Mumbai and Kolkata each, the LPG price is down Rs. 3.05 per cylinder compared to the previous month.
5. Currently, the government subsidises 12 cylinders of 14.2 kilograms each per household in a year. For any additional purchases, the consumer has to bear the market price. The amount of subsidy varies from month to month depending on the changes in the average international benchmark LPG prices and foreign exchange rates.