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Non-subsidised LPG to cost Rs 883.50 in Oct

New Delhi, Oct 3, 2012, DHNS:
As part of their monthly exercise, public sector oil companies have raised the price of non-subsidised LPG cylinder to Rs 883.50 for October from Rs 756 in September.

The hike has been effected due to a rise in global LPG prices, according to sources in Indian Oil Corporation.

The current price of Rs 883.50 is applicable for the 14.2 kg LPG bottle, which a household may buy after exhausting the entitlement of six subsidised cylinders in a year.

The IOC sources said that in the monthly adjustment scheme, the benefits accrued on account of of lowered LPG prices in the international market will also be passed on to the consumers in the future. There is no change in the rate structure of subsidised cylinders, which continue to sell at Rs 399 in Delhi. The price of commercial 14.2-kg LPG cylinder in Delhi will be Rs 1,062, while that of a 19-kg bottle would be Rs 1,536.

At present, there are four different pricing mechanism for LPG cylinders. One for the subsidised cylinder, another for extra bottles that a household may buy after exhausting the entitlement of six subsidised cylinders.

There is another rate for charitable and other institutions and a fourth is the commercial pricing for LPG used in establishments like hotels.

 

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