LPG or liquefied petroleum gas prices were reduced with effect from Thursday. In Delhi, the price of non-subsidised LPG was lowered by Rs. 62.50 per cylinder (14.2 kilograms), according to a statement from Indian Oil Corporation, the country’s largest fuel retailer. Indian Oil – which supplies LPG under brand Indane – said the decision was based on LPG prices in international market and the rupee-dollar exchange rate.
“Domestic LPG consumers will now be required to make upfront cash payment of Rs. 574.50/- only per 14.2 Kg cylinder in August, 2019 in place of Rs.637.00/- per cylinder for July, 2019,” Indian Oil Corporation said in its statement on Wednesday.
The latest downward revision in the non-subsidised LPG prices follows a reduction of Rs. 100.50 per cylinder in July.
The price of non-subsidised LPG has been reduced by Rs. 163.00 per cylinder cumulatively in two months, Indian Oil Corporation said.