Market price of LPG cylinders now at Rs 883

October 03, 2012 08:46

In the first price revision after the government capped the number of subsidised cylinders for consumers, domestic liquefied petroleum gas has become nearly 17 per cent dearer, thanks to firm international prices. From October 1, the consumer price of every non-subsidised domestic LPG cylinder has risen to Rs 883 from Rs 756 last month.

The non-subsidised cylinders are now priced around 120 per cent higher than subsidised cylinders, which cost Rs 399 in Delhi. The new price, worked out on an average international price of the previous month, would be applicable till October 31, said an official at an oil marketing company. The average monthly price of Arab Gulf LPG has increased from $767.12 per tonne in August to $933.08 in September.

The over 21 per cent jump has also negated the impact of the weakening rupee in the final landed price at Indian ports.

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