Business

Non-subsidised LPG rate hiked, aviation fuel ups by Rs 11,000/kl

IANS

Oil marketing companies have hiked the prices of non-subsidised cooking gas and aviation turbine fuel with effect from Monday.

The price of the 14.2 kilogram cylinder of non-subsidised LPG gas in Delhi has been raised by Rs 11.50 from May to Rs 593 per cylinder.

In Kolkata, Mumbai and Chennai, the price of LPG has been raised at Rs 616, Rs 590.50 and Rs  606.50, against Rs  584.50, Rs 579 and Rs 569.50 per cylinder respectively. The highest increase was witnessed in Chennai with a hike of Rs 37 from the price in May.

The Government currently subsidises 12 cylinders of 14.2 kilograms each per household in a year. Additional purchases have to be made at the market price.

In a statement on Sunday, Indian Oil Corp said that the retail selling price of LPG in Delhi market for the month of May 2020 was reduced from Rs  744 to Rs 581.50 per cylinder for all consumers in line with drop in International prices.

“For the month of June, there has been an increase in International prices of LPG.