Domestic cooking gas prices cut
New Delhi: State run fuel retailers have reduced India’ domestic cooking gas prices in the backdrop of assembly elections in West Bengal, Assam, Kerala, Tamil Nadu, and Puducherry.
Effective 1 April, the price of a 14.2 kg non-subsidized Indane liquefied petroleum gas (LPG) cylinder in Delhi has been reduced by ₹10 to ₹809. This price reduction follows after prices were increased by ₹25 per cylinder to ₹819 from 1 March.
“The same reduction has been carried out in other markets,” state run Indian Oil Corporation said in a statement on Wednesday.
Fuel retailers revise prices of LPG cylinders, which is primarily dependent on the international benchmark rate of LPG, and the US dollar and rupee exchange rate. The finance ministry has also slashed the allocation for petroleum subsidy by two-thirds to ₹12,995 crore for FY22.
