Domestic gas price hike after subsequent rate cut for months - VD

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Domestic gas price hike after subsequent rate cut for months

After several subsequent months of falling prices of non-subsidized liquefied petroleum gas (LPG) cylinder in Delhi has been increased by Rs 11.50 for an Indane gas cylinder from June 1.

 LPG cylinder prices have been revised by…





After several subsequent months of falling prices of non-subsidized liquefied petroleum gas (LPG) cylinder in Delhi has been increased by Rs 11.50 for an Indane gas cylinder from June 1.

 LPG cylinder prices have been revised by fuel retailers on the first day of every month based on the international benchmark cost of Liquified Petroleum Gas and the exchange rate of the US dollar and the Indian rupee.


The Indian Oil Corporation Ltd (IOCL) said in a statement, '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 a drop in international prices,' 

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