Domestic cooking gas (LPG) price was cut by Rs 1.46 per cylinder Thursday, the third straight reduction in a month’s time due to tax impact on reduced market rate of the fuel.
This is the third straight monthly reduction in LPG rate. On December 1, subsidised LPG price was cut by Rs 6.52 per bottle and by Rs 5.91 on January 1.
IOC said non-subsidised or market priced LPG rates have been cut by a Rs 30 per cylinder “due to fall in price of LPG in international market and strengthening of US dollar-rupee exchange rate”.
It will now cost Rs 659 per 14.2-kg cylinder in Delhi.
The reduction comes on the back of a steep Rs 120.50 cut on January 1 and Rs 133 on December 1.