Govt claims LPG prices have fallen by Rs 100 in May
Business | May 09, 2018 9:25 ISTThis comes after some of the reports alleged hike in LPG price in past few months.
This comes after some of the reports alleged hike in LPG price in past few months.
The government had previously ordered public sector oil marketing companies to raise domestic cooking gas (LPG) prices by Rs 4 per cylinder every month beginning June 2016 with a view to eliminating subsidies.
The price of subsidised LPG was last raised by Rs 4.50 per cylinder on November 1 to Rs 495.69, according to a price notification issued by state-owned firms.
LPG price was hiked by Rs 1.50 per cylinder in line with the government decision to raise rates every month to eliminate subsidies by March.
Indian Oil Corp (IOC) announced that the price of a subsidised 14.2kg LPG cylinder will now be Rs 487.18 in Delhi, as against Rs 479.77 earlier.
Households may need to shell out more for LPG cylinders as a result of GST rates and a cut in subsidy
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