Subsidised cooking gas (LPG) price has been hiked by Rs. 2.89 per cylinder to Rs. 502.4 per cylinder.
The price of non-subsidised LPG at Delhi will increase by Rs. 59.00 per cylinder in October 2018 mainly due to change in international price and foreign exchange fluctuations, Indian Oil Corporation (IOC) said in a statement.
The actual impact on subsidised domestic LPG customers is only Rs. 2.89 per cylinder, which is mainly due to GST on the above, IOC added.
The subsidy transfer in customers’ bank account has been increased to Rs. 376.60 per cylinder in October 2018 as against Rs. 320.49 per cylinder in September 2018.
“Thus, the domestic subsidised LPG customer is protected against the increase in prices of LPG,” it said.
GST raises subsidised cooking gas price by Rs2.89
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