LPG Rates Revised Thrice So Far This Year: 10 Things To Know

21 Mar 2019, 08:44 PM IST

LPG price: Earlier this month, the rates were hiked after three consecutive months of cuts

Before the latest hike, the only upwards revision in LPG prices so far this year, the rates had been revised downwards in past three months.
In Delhi, for example, the non-sbusidised prices were reduced by a total Rs 283.5 per cylinder from December to February before the hike this month, according to the data from Indian Oil Corporation.
In Mumbai, the non-subsidised prices had been lowered by a total Rs 283.5 per cylinder from December to February.
Currently, the LPG prices are reviewed by retailers on a monthly basis, based on international crude oil and rupee-dollar foreign exchange rates.
LPG consumers in the country have to purchase LPG - or cooking gas - at market rates.
The government subsidises 12 cylinders of 14.2 kilograms each per household in a year.
The amount of subsidy - credited directly to the consumers' bank accounts - varies from month to month.
In Delhi, the subsidised LPG prices were increased by a total Rs 5.21 per cylinder in 2018. The non-subsidised rates were raised by Rs 62.5 per cylinder during the calendar year.
During this period, the prices were increased by Rs 5.19 per cylinder and Rs 61.5 per cylinder in Mumbai respectively, according to the Indian Oil data.
Indian Oil, the country's largest fuel retailer, supplies LPG under brand Indane.

(With agency inputs)