LPG price hiked by Rs 16.50 per cylinder Price of non-subsidised cooking gas (LPG) was on Tuesday hiked by Rs. 16.50 per cylinder and that of jet fuel by over half-a-per cent after international oil prices surged due to the ongoing Iraq crisis. The increase in rates of non-subsidised LPG and ATF accompanies the Rs. 1.69 a litre hike in petrol and 50 paisa a litre in diesel announced on Monday. The price of non-subsidised LPG, which customers buy after using up their quota of 12 subsidised cylinders, was raised by Rs. 16.50 per 14.2-kg cylinder, the first hike in six months. Each non-subsidised 14.2-kg cooking gas cylinder will now cost Rs. 922.50 in Delhi, up from Rs. 906, according to Indian Oil Corp (IOC), the nation’s largest oil firm. Non-subsidised LPG rates were last month cut by Rs. 23.50 per cylinder. A subsidised LPG cylinder in Delhi costs Rs. 414. Tuesday’s hike breaks the declining trend that started in February with a Rs. 107-cut in rates to Rs. 1,134 per cylinder. It was followed by a Rs. 53.5-per-cylinder-reduction in March to Rs. 1,080.50, by Rs. 100 to Rs. 980.50 in April, by Rs. 52 in May and by Rs. 23.50 cut last month.
Posted on: Tue, 01 Jul 2014 08:06:35 +0000
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