Non-subsidised cooking gas (LPG) price was on Wednesday cut by Rs 62.50 per cylinder on softening international rates.
Non-subsidised or market priced LPG, which consumers buy after exhausting their quota of 12 cylinders of 14.2-kg each at subsidised rates, will now cost Rs 574.50 with effect from midnight tonight, IOC said in a statement.
"It may be noted that the price of non-subsidised LPG was reduced by Rs 100.50/cylinder earlier in July 2019 also. Considering this, the price of non-subsidised LPG cylinder has come down by Rs 163.00/cylinder cumulatively in two months," it said.
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As a result, the price of non-subsidised LPG cooking gas will be reduced by Rs 62.50 per 14.2 kg cylinder in New Delhi, and Rs 62 in Mumbai and Chennai. A non-subsidised LPG cylinder now costs ₹574.50 in Delhi, ₹601 in Kolkata, ₹546.50 in Mumbai and ₹590.50 in Chennai.
The reduction in prices comes in the backdrop of LPG price cut in the international market.
