Subsidised LPG price increased by Rs 5.57

 Subsidised LPG price was hiked by Rs 5.57 per cylinder.Also, the rate of non-subsidised cooking gas has been cut by Rs 14.50 per cylinder, in line with international trends.

Price of non-subsidised LPG, bought by those who have either given up their subsidies or exhausted the quota of 12 bottles of 14.2-kg in a year at below market price, was cut to Rs 723 per 14.2-kg cylinder from Rs 737.50. The reduction comes on back of a steep Rs 86 per cylinder hike in rates from March 1.

That was the steepest hike in recent times and came on the back of Rs 66.5 per cylinder increase effected from February 1. The  rate of aviation turbine fuel has been cut by over 5%.