The price of Liquefied Petroleum Gas (LPG) gas cylinders has been hiked again, and the new rates would be applicable from today. The price of a 14.2 kg LPG cylinder for domestic use will become costlier by Rs 50.
According to the country's largest oil company Indian Oil Corporation (IOC), a gas cylinder without subsidy in Delhi will now cost Rs 769.
This is the second price hike in the month of February. The oil marketing companies had increased the price of non-subsidised LPG cylinders by Rs 25 in metro cities on February 4.
The price of LPG gas cylinder is determined by the state-run oil companies and is revised on a monthly basis.
Households in India are allowed a maximum of 12 LPG cylinder purchases per year at subsidized rates. Cylinders have to be bought at full price at the time of purchase, and the subsidy is then credited to the customer's bank account by the government.
READ MORE: Budget 2021: Govt extends free cooking gas LPG scheme Ujjwala for 1 cr more beneficiaries
Latest Business News
