Subsidized LPG prices in Kolkata and Chennai have been lower to Rs 496.57 per cylinder and Rs 481.34 per cylinder with consequence from February 1, from Rs 498.09 per cylinder and Rs 482.88 per liter in the previous month, likewise. In Delhi and Mumbai, subsidize LPG rates were Rs 494.99 per cylinder and Rs 492.66 per cylinder in January. Subsidized LPG prices in February are about 0.3 percent lower compared to the preceding month. Non-subsidized LPG prices in Delhi, Kolkata, Mumbai, and Chennai are at Rs 659.00 per cylinder, Rs 683.00 per cylinder, Rs 630.00 per cylinder and Rs 673.00 per cylinder with effect from February 1, according to the IOC website. The rates were at Rs 689.00 per cylinder, Rs 714.00 per cylinder, Rs 660.00 per cylinder and Rs 704.50 per cylinder in January, correspondingly.
The descending revision in non-subsidized prices is to the tune of 4.4 percent in Delhi, 4.3 percent in Kolkata, and 4.5 percent in Mumbai and Chennai each compare to the previous month.LPG cylinder prices have been lower for three uninterrupted months. In November, subsidized LPG prices were at Rs 505.34 per cylinder in Delhi and Rs 503.11 per cylinder in Mumbai, and non-subsidized rates at Rs 939.00 per cylinder and Rs 912.00 per cylinder respectively. The government subsidizes 12 LPG cylinders of 14.2kg each per household in a year. It provides the subsidy amount directly in the consumer's bank account. The consumer has to bear the market price for additional LPG cylinders in a year. This subsidy amount varies from month to month depending on the changes in the average international benchmark LPG and foreign exchange rates.
Domestic cooking gas (LPG) prices have been slashing up to Rs 30 per cylinder with a result from this month. Data from Indian Oil Corporation (IOC) shows that the price of subsidized LPG cylinders in Delhi, Mumbai, Kolkata and Chennai stand cut by 0.3 percent, whereas non-subsidized prices are around 4.5 percent lower in February compare to January.
This is the third successive price cut in the last month in line with falling fuel prices. The IOC data shows that a subsidized LPG cylinder costs Rs 493.53 per unit (14.2kg) in Delhi and Rs 491.19 per unit in Mumbai with effect from February 1. Indian oil is the country's largest fuel seller and provisions LPG under its brand Indane.
