LPG price down by Rs 100.50 from July 1
New Delhi, June 30 (IBNS): You will pay Rs 100.50 less for each non-subsidised LPG cylinder from July 1.
The development comes based on current LPG prices in the international market and USD-INR exchange rate, Indian Oil said in a press release.
The upfront cash payment by the consumer of domestic LPG will reduce by Rs.100.50/cylinder. Domestic LPG consumer will now be required to make upfront cash payment of Rs.637.00/- cylinder in place of Rs.737.50/- cylinder, it said.
As domestic LPG prices are subsidised by Government, the effective price after subsidy to consumer will be Rs 494.35 a cylinder for the month of July 2019.
The balance amount is borne as subsidy (Rs 142.65/cylinder) by the central government and is transferred to the bank account of LPG consumers after purchase and delivery of a refill.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
