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.
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