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September 2017
State-run
oil marketing firms hiked the price of subsidised cooking gas by Rs 7 per LPG
cylinder, effective from Friday, as part of the decision to increase prices
every month so as to eliminate subsidies.
Petroleum
Minister Dharmendra Pradhan had informed Parliament in July of the government's
decision to raise LPG prices by Rs 4 per cylinder every month to eliminate all
the subsidies by the end of the current financial year. The Total Investment & Insurance
Solutions
Indian
Oil Corp (IOC) announced that the price of a subsidised 14.2kg LPG cylinder
will now be Rs 487.18 in Delhi, as against Rs 479.77 earlier. The Total Investment & Insurance
Solutions
Oil
marketing companies (OMCs) revise rates of LPG and jet fuel on the first of
every month.
Subsidised
LPG rates were raised last by Rs 2.31 per cylinder on August 1.
The
price of non-subsidised LPG, which consumers buy at market rates after
exhausting their subsidised quota of 12 cylinders, was also raised by Rs 73.5
to Rs 597.50 per cylinder.
The
prices of aviation turbine fuel (ATF), or jet fuel, were also increased from
Friday by 4 per cent in line with global rates. The Total Investment & Insurance Solutions
ATF now
costs Rs 50,020 per kilolitre in Delhi, as against the earlier price of Rs
48,110.
Jet
fuel prices vary with airports depending on local taxes.The Total Investment & Insurance Solutions
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