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Non-subsidised LPG price cut by Rs 54 per cylinder
The move came just hours after petrol price was slashed by Rs 3 per litre, effective from midnight.
New Delhi: The price of non-subsidised LPG cylinders was cut by Rs 54 per bottle on Tuesday. The move came just hours after petrol price was slashed by Rs 3 per litre, effective from midnight.
On April 1, the price of non-subsidised cooking gas was reduced by Rs 3 per cylinder in line with fall in international rates.
The government had in September 2012 fixed a quota of six subsidised LPG cylinders per household in a year. This was increased to 9 cylinders in January. Any requirement over and above this entitlement has to be bought at market price.
In the immediate aftermath of the September decision, oil PSUs had hiked price of non-subsidised LPG by Rs 26.50 per cylinder from November 1 but had to roll it back within hours as the government did not want to compound the backlash it was already facing for limiting supply of subsidised LPG to just six cylinders per household in a year.
But soon after the decision to raise the supply of LPG at subsidised rate of Rs 410.50 to 9 cylinders per household in a year from six, the rate for non-subsidised gas was hiked by Rs 46.50 per 14.2-kg cylinder to Rs 942 in Delhi from January 18. With oil prices easing, rates were cut to Rs 904.50 from March 1 and then to Rs 901.50 on April 1.
With additional information from PTI