LPG or liquefied petroleum gas prices were hiked with effect from Wednesday, May 1. While the subsidised LPG prices were increased by 28 paise per cylinder (14.2 kilograms) in Delhi and 29 paise per cylinder in Mumbai, the non-subsidised rates were increased by Rs. 6 per cylinder each in the two metros, according to data from Indian Oil Corporation.
Under brand Indane, Indian Oil Corporation (IOC) is the country’s largest fuel retailer supplying LPG. Here is how LPG prices have increased on non – subsidised LPG gas cylinders in metros of India.
With effect from May 1, non-subsidised LPG prices stood at Rs. 712.5 per cylinder in Delhi, Rs.738.5 per cylinder in Kolkata, Rs. 684.5 per cylinder in Mumbai and Rs. 728 per cylinder in Chennai, according to Indian Oil Corporation, which supplies the cooking gas under brand Indane.
Subsidised LPG rates stood at Rs. 496.14 per cylinder in Delhi, Rs. 499.29 per cylinder in Kolkata, Rs. 493.86 per cylinder in Mumbai and Rs. 484.02 per cylinder in Chennai, according to Indian Oil.
Subsidy provided by Government in this year
Currently, the government subsidises 12 cylinders of 14.2-kg each per households in a year by providing the subsidy amount directly in the bank accounts. For any additional purchases, the consumer has to bear the market price.
This subsidy amount varies from month to month depending on the changes in the average international benchmark LPG and foreign exchange rates.