Happy New Year 2019 Modi govt gift! LPG cylinder prices cut by Rs 5.91, Rs 120.50
According to the IOC statement, non-subsidised or market priced LPG cylinder rates have been cut by a steep Rs 120.50 per cylinder too. Reason behind the move to cut the rates was made clear by the statement - “due to fall in price of LPG in international market and strengthening of US dollar-rupee exchange rate.”
In the wake of this price reduction, the cylinder will now cost Rs 689 per 14.2-kg in Delhi. Notably, price of non-subsidised LPG was cut by Rs 133 per bottle on December 1. Image source: Reuters