There is a marginal increase of Rs.2.71 per cylinder (from Rs.493.55 in June 2018 to Rs.496.26 in July 2018) in the effective price of Subsidized LPG cylinder in Delhi for domestic customers for the month of July 2018. The increase is mainly on account of GST on revised price of Domestic Non-Subsidized LPG.
While the price of Non-Subsidized LPG at Delhi will increase by Rs.55.50 per cylinder in July 2018 due to increase in international price of LPG by $57 per MT, the actual impact is only Rs.2.71 per cylinder for domestic customers, which is mainly due to GST on above. The balance Rs.52.79 (Rs.55.50 minus Rs.2.71) is being compensated to the customer by increase in subsidy transfer to their bank account. Accordingly, the subsidy transfer in customer’s bank account has been increased to Rs 257.74 per cylinder in July 2018 as against Rs 204.95 per cylinder in June 2018. Thus the domestic LPG customer is protected against the increase in international prices of LPG.
Executive Director (Corporate Communications)
Indian Oil Corporation Limited