LPG price: Earlier this month, the rates were hiked after three consecutive months of cuts
- Before the latest hike, the only upwards revision in LPG prices so far this year, the rates had been revised downwards in past three months.
- In Delhi, for example, the non-sbusidised prices were reduced by a total Rs 283.5 per cylinder from December to February before the hike this month, according to the data from Indian Oil Corporation.
- In Mumbai, the non-subsidised prices had been lowered by a total Rs 283.5 per cylinder from December to February.
- Currently, the LPG prices are reviewed by retailers on a monthly basis, based on international crude oil and rupee-dollar foreign exchange rates.
- LPG consumers in the country have to purchase LPG - or cooking gas - at market rates.
- The government subsidises 12 cylinders of 14.2 kilograms each per household in a year.
- The amount of subsidy - credited directly to the consumers' bank accounts - varies from month to month.
- In Delhi, the subsidised LPG prices were increased by a total Rs 5.21 per cylinder in 2018. The non-subsidised rates were raised by Rs 62.5 per cylinder during the calendar year.
- During this period, the prices were increased by Rs 5.19 per cylinder and Rs 61.5 per cylinder in Mumbai respectively, according to the Indian Oil data.
- Indian Oil, the country's largest fuel retailer, supplies LPG under brand Indane.
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