Subsidised LPG Price Hiked By Rs 2.71 Per Cylinder. Check Latest Cooking Gas Rates Here
The price of subsidised cooking gas was raised by Rs 2.71 per cylinder as a result of tax impact of base price rising due to spurt in international rates and fall in rupee. Subsidised LPG cylinder (with effect from July 1) will now cost Rs 496.26 in Delhi, according to the details given on Indian Oil Corp (IOC) website. Consumers are given a facility of availing 12 subsidised cylinders. buy non-subsidised or market price LPG after exhausting their quota of 12 subsidised cylinders of 14.2-kg each.
The price of non-subsidised LPG at Delhi will increase by Rs 55.50 per cylinder.
Cooking Gas Prices Raised. Five Things To KnowÂ
1. Oil firms revise LPG price on the first of every month based on average benchmark rate and foreign exchange rate in the previous month.
2. The price at which a subsidised LPG cylinder will be available is Rs 496.26. In Mumbai, the price will be Rs 494.10.Â
Latest LPG Cylinder Prices (July 1 onwards)
| Delhi | 496.26 |
| Kolkata | 499.48 |
| Mumbai | 494.10 |
| Chennai | 484.67 |
3. The earlier prices in Delhi, Kolkata, Mumbai and Chennai were Rs 493.55, Rs 496.65, Rs 491.31 and Rs 481.84, respectively.
4. It is noteworthy that the LPG prices were cut down in the month of April by Rs 1.74 in Delhi per cylinder. "The increase is mainly on account of GST on revised price of Domestic Non-Subsidised LPG," the statement said.
LPG Price Hikes This Financial Year
| Month | Delhi | Kolkata | Mumbai | Chennai |
|---|---|---|---|---|
| June 01 | 493.55 | 496.65 | 491.31 | 481.84 |
| May 01 | 491.21 | 494.23 | 488.94 | 479.42 |
| April 01 | 491.35 | 494.33 | 489.04 | 479.44 |
5. The price hike in non-subsidised cylinder is Rs 55.50. As a result of higher global rates, the price of Non-Subsidised LPG at Delhi will increase by Rs 55.50 per cylinder. "The balance Rs 52.79 (Rs.55.50 minus Rs.2.71) is being compensated to the customer by increase in subsidy transfer to their bank account. Accordingly, the subsidy transfer in customer's bank account has been increased to Rs 257.74 per cylinder in July 2018 as against Rs 204.95 per cylinder in June 2018. Thus the domestic LPG customer is protected against the increase in international prices of LPG," the statement said.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
