14.2-kg LPG cylinder costlier by Rs 11.5; while ATF prices are revised once in 15 days, LPG prices change on a monthly basis
This is a third straight monthly reduction in the price of LPG cylinders and comes on the back of falling international rates
The rate of non-subsidised LPG was also reduced to Rs 805.50 per 14.2-kg cylinder from Rs 858.50 previously
It also said domestic consumers have been largely insulated from the hike by way of the large increase in subsidy
This is the second straight monthly increase in rates warranted due to firming up of prices in the international market
State-owned fuel marketing companies revise ATF prices on the 1st of every month based on average of benchmark international oil price in the previous month
Subsidised LPG rates now stand at Rs 496.14 per cylinder in New Delhi, Rs 499.29 in Kolkata, Rs 493.86 in Mumbai and Rs 484.02 in Chennai
Subsidised cooking gas consumers will get Rs 194.01 per cylinder subsidy in their bank accounts for the month of January
Oil firms revise LPG price on 1st of every month based on average benchmark rate and foreign exchange rate in the previous month
The price of subsidised LPG was last raised by Rs 4.50 per cylinder on November 1 to Rs 495.69
Subsidised LPG price has been hiked by Rs 4.50 per 14.2- kg cylinder to Rs 495.69.
This, to eliminate all subsidies by March next year, said Oil Minister Dharmendra Pradhan
Subsidised LPG now costs Rs 477.46 per 14.2-kg cylinder in Delhi. It was priced at Rs 419.18 in 2016
Non-subsidised LPG will now cost Rs 737.5 against Rs 651.5 till Tuesday
This is the seventh increase in price since July when the government decided to go in for a small hikes of up to Rs 2 per bottle every month
Non-subsidised cooking gas (LPG) now costs Rs 509.50 in Delhi as against Rs 513.50 previously