The price of non-subsidised cooking gas (LPG) has been reduced by Rs 3
per cylinder in line with fall in international rates.
According to Indian Oil Corporation (IOC), a 14.2-kg LPG cylinder that consumers buy after exhausting their enhanced quota of 9 subsidised bottles in a year will now cost Rs 901.50.
In Mumbai, every non-subsidised LPG cylinder will cost Rs 912, against Rs 919.50 till last month. In Kolkata, prices have been cut by Rs 6.50 to Rs 926.50 while in Chennai prices have been reduced from Rs 898 to 891.50.
The government had in September last year fixed a quota of six subsidised LPG cylinders
per household in a year. This was increased to 9 cylinders in January. Any requirement over and above this entitlement has to be bought at market price.
In the immediate aftermath of the September decision, oil PSUs had hiked price of non-subsidised LPG by Rs 26.50 per cylinder from November 1 but had to roll it back within hours as the government did not want to compound the backlash it was already facing for limiting supply of subsidised LPG to just six cylinders per household in a year.
But soon after the decision to raise the supply of LPG at subsidised rate
of Rs 410.50 to 9 cylinders per household in a year from six, the rate for non-subsidised gas was hiked by Rs 46.50 per 14.2-kg cylinder to Rs 942 in Delhi from January 18.
With oil prices easing, rates were cut to Rs 904.50 from March 1 and have now been further cut to Rs 901.50.
Sources said losses on sale of LPG
at subsidised rates have fallen to Rs 434.50 per cylinder from Rs 439 previously.With inputs from PTI