Live tv
search
Breaking
  • Krishna Janmabhoomi Mathura case: Local court admits plea demanding removal of Shahi Idgah mosque
X
  1. You Are At:
  2. English News
  3. Business
  4. LPG Cylinder Rates: Cooking gas price raised by Rs 50; Know how much it will cost in Delhi, Mumbai, Kolkata

LPG Cylinder Rates: Cooking gas price raised by Rs 50; Know how much it will cost in Delhi, Mumbai, Kolkata

The Indian Oil Corporation (IOC) announced that the prices of non-subsidised liquefied petroleum gas (LPG) cylinders across the country will increase by Rs 50. This is the first time in five months that the prices of non-subsidised LPG gas cylinders have seen a spike.

India TV Business Desk Edited by: India TV Business Desk
New Delhi Updated on: December 09, 2020 9:12 IST
LPG Cylinder Rates: Cooking gas price raised by Rs 50; here's how much it will cost in Delhi, Mumbai
Image Source : FILE

LPG Cylinder Rates: Cooking gas price raised by Rs 50; here's how much it will cost in Delhi, Mumbai, Kolkata

The Indian Oil Corporation (IOC) announced that the prices of non-subsidised liquefied petroleum gas (LPG) cylinders across the country will increase by Rs 50. This is the first time in five months that the prices of non-subsidised LPG gas cylinders have seen a spike.  

The price of LPG gas cylinder is determined by the state-run oil companies and is revised on a monthly basis. The last time when the rates were changed was in July. 

With this hike, 14.2 kilograms of non-subsidised LPG cylinder will cost Rs 644 in Delhi for the month of December. In Kolkata, it will cost Rs 670.50 while it will be available in Mumbai at a price of Rs 644. In Chennai, a 14.2 kilograms of non-subsidised LPG cylinder will cost Rs 660 now.

Households in India are allowed a maximum of 12 LPG cylinder purchases per year at subsidized rates. Cylinders have to be bought at full price at the time of purchase, and the subsidy is then credited to the customer's bank account by the government. 

However, most customers have not received subsidies since May, as the combination of international oil price collapse and domestic refill rate increase diminished the gap between subsidised and market rates.

Latest Business News