New Delhi: After raising cooking gas prices by Rs 125 per cylinder last month, state-owned oil firms on Wednesday announced a Rs 10 per cylinder cut in LPG rates on softening international oil prices.
A 14.2-kg LPG cylinder — both for subsidised and market price users — will cost Rs 809 from April 01 as against Rs 819 currently, Indian Oil Corporation (IOC) said in a statement.
LPG prices had gone up by Rs 125 per 14.2-kg cylinder since the beginning of February, price data from state-owned oil marketing companies showed.
LPG is available only at one rate, market price, across the country. The government, however, gives a small subsidy to select customers.
LPG prices were hiked first by Rs 25 per cylinder on February 04, followed by a Rs 50 per cylinder increase on February 15 and a Rs 25 raise on February 25 and March 01.
