Subsidised cooking gas (lPG) price was on Tuesday hiked by over Rs 2 per cylinder in line with the Government decision to raise rates every month to eliminate all subsidies by fiscal end. A subsidised 14.2-kg of cylinder now costs Rs 479.77 in Delhi, according to Indian Oil, the nation's largest fuel retailer.
Oil Minister Dharmendra Pradhan had on Monday told lok Sabha that the Government has asked State-run oil companies to raise subsidised cooking gas (lPG) prices by Rs 4 per cylinder every month to eliminate all the subsidies by March next year. The Government had previously asked IOC, Bharat Petroleum Corp ltd (BPCl) and Hindustan Petroleum Corp ltd (HPCl) to raise rates of subsidised domestic lPG (liquefied petroleum gas) by Rs 2 per 14.2-kg cylinder per month (excluding VAT).