Subsidised LPG price cut by Rs 6.52, non-subsidised LPG by Rs 133

November 30, 2018 17:55

Domestic cooking gas (LPG) price was cut on Friday by Rs 6.52 per cylinder on account of tax impact on the reduced market rate for the fuel.

A 14.2-kg subsidised LPG cylinder will cost Rs 500.90 in the national capital from midnight tonight as against Rs 507.42 currently, Indian Oil Corp, the country's largest fuel retailer, said in a statement.

The price reduction comes soon after six consecutive monthly hikes in rates since June.

IOC said non-subsidised or market priced LPG rates have been cut by a steep Rs 133 per cylinder to reflect fall in international oil rates and strengthening of the rupee. It will now cost Rs 809.50 per 14.2-kg bottle in Delhi.

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