After the daily increase in petrol and diesel prices, there is another bad news for the common people as now people will have to worry about cooking gas.
On Sunday, the subsidized cooking gas (LPG) prices hiked by Rs. 2.89 per cylinder to Rs.502.4 per cylinder.
The price of non-subsidised LPG cylinder at Delhi will be increased by Rs. 59 per cylinder in October 2018.
Indian Oil Corporation (IOC), in a statement, said that the “rise in price is mainly due to change in international price and foreign exchange fluctuations.”
It attributed the hike in subsided domestic LPG to the GST (Goods and Services Tax), IOC added.
In October 2018, the subsidy transfer in customers’ bank account has been hiked to Rs. 376.60 per cylinder as compared to Rs. 320.49 per cylinder in September.
IOC said, “Thus, the domestic subsidised LPG customer is protected against the increase in prices of LPG.”
