Thursday, 1 November 2012

Non-subsidized LPG price hiked by Rs 26.50 per cylinder

New Delhi:(Page3 News Network)-The price of non-subsidised cooking gas (LPG), which consumers buy beyond the cheaper quota of six cylinders, was today hiked by 26 rupees 50 paise to 922 rupees per unit on firming international rates. According to Indian Oil Corporation,earlier it was priced at 895 rupees 50 paise in Delhi.
The government had in September restricted the supply of subsidised domestic LPG cylinders to six per household in a year.
Any requirement above this will have to be bought at market rate, which is more than double the subsidised price of 410.42 rupees per cylinder in Delhi.
State-owned oil firms revise rates of non-subsidised LPG on 1st of every month based on the average imported cost and rupee-US dollar rate during the previous month.
There is no restriction on the number of non-subsidised cylinders that a consumer buys beyond the six subsidised bottles.
The price of commercial 14.2-kg LPG cylinder in Delhi will be 1,105.50 rupees, while that of a 19-kg bottle would be 1,551 rupees .A commercial or non-domestic cylinder was previously priced at 1,075 rupees per 14.2-kg bottle. Similarly, the 19-kg cylinder was priced at 1,536.50 rupees.
Rates of non-subsidised 14.2-kg cylinder and those of commercial bottles of the same size differ because the government has granted exemption from customs and excise dutyon non-subsidised LPG cylinders only for domestic consumption to reduce the price burden on the common man.

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