LPG cylinder prices cut in Delhi to 574.50 from Rs 637! New LPG cooking gas rates to apply from today, August 1

In what will come as a big relief for households, it has been announced that the LPG cylinder prices have been cut. This applies to non-subsidised LPG cylinders and will be welcomed by all. An official statement from Indian Oil Corporation (IOL) has revealed that LPG cooking gas will be reduced by Rs 62.50 per 14.2 kg cylinder in New Delhi and that this will be effective from August 1, 2019.

The reason why LPG cylinder prices have been slashed was also revealed. The statement said this was due to price reduction in the international market as well as the current rupee-dollar exchange rate. 

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The IOC statement also said, "Accordingly, the upfront cash payment by the consumers of domestic LPG will also reduce by Rs 62.50 per cylinder. 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 per cylinder for July 2019."