The price of a domestic (14.2 kg) Liquefied Petroleum Gas (LPG) or cooking gas cylinder has been hiked by Rs 15 apiece on Wednesday. After the price revision, a domestic cylinder now costs Rs 899.50 in the national capital. A similar price revision was implemented across the country.
Public-sector oil-marketing companies (OMCs) are moderating the price of cooking gas in a bid to maintain affordability effectively, harking back to the days when they were bearing the subsidy burden of petroleum products.
According to executives in the know, IndianOil, Hindustan Petroleum, and Bharat Petroleum are holding back liquefied petroleum gas (LPG) price hikes by around Rs 100 for a domestic cylinder.
