State-run oil and gas company Indian Oil Corporation Limited has hiked the prices of commercial Liquified Petroleum Gas (LPG). The price has been increased by Rs 209 per cylinder. The new prices will be in effect from October 1. No change has been witnessed in the price of domestic LPG.
The retail price of 19 Kg commercial LPG cylinders in Delhi will be Rs 1731.50 per cylinder from Oct 1.
LPG is popularly used as a motor fuel, cooking gas, for heating as well as refrigeration purposes and even for certain high-end industrial processes.
Jet fuel or Aviation Turbine Fuel (ATF) price was hiked by 5 percent — the fourth straight monthly increase since July, in line with the firming up seen in international benchmarks.
Also Read: Govt cuts LPG price by Rs 200/cylinder in major relief for consumers ahead of festive season
Earlier this year in August, the Union Cabinet announced a reduction in prices of liquefied petroleum gas (LPG) for all 330 million users in the country.
“All domestic consumers of LPG cylinders to get Rs 200 subsidy per cylinder. Further, users under the PM Ujwala scheme will get this subsidy on top of the existing subsidy," Union Information and Broadcasting Minister Anurag Thakur said at a Cabinet briefing on August 29.
The additional subsidy on LPG cylinders came into effect immediately as a Raksha Bandhan and Onam gift, the minister added. With this, the subsidy for Ujjwala beneficiaries now stands at Rs 400 per LPG cylinder.
The government also approved 7.5 million additional Ujjwala connections, which will take the total number of Pradhan Mantri Ujjwala Yojana beneficiaries to 103.5 million.
IOCL was also in the news, earlier this week on September 29, for approving two joint ventures with private sector players for setting up compressed biogas (CBG) plants.
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