Non-subsidised LPG will now cost Rs 689 per cylinder after the fresh reduction while subsidised LPG gas will cost Rs 494.99 per cylinder.
From midnight, a 14.2-kg subsidised LPG cylinder will cost Rs 494.99 in Delhi
This is the second straight subsidised reduction in LPG rates
The earlier price cut had come after six consecutive monthly hikes in rates since June
In what seems to be a new year gift to citizens, the government on Monday (December) announced a major reduction of Rs 120.50 in the rates of non-subsidised LPG cylinders.
Subsidised LPG prices will also cost Rs 5.91 lesser per cylinder, said Indian Oil Corporation.
From midnight, a 14.2-kg subsidised LPG cylinder will cost Rs 494.99 in the national capital from midnight in comparison to Rs 500.90 currently, said the largest oil PSU.
This is the second straight subsidised reduction in LPG rate after it was earlier reduced by Rs 6.52 per cylinder. The earlier price cut had come after six consecutive monthly hikes in rates since June.
However, the back-to-back price reductions have reversed the Rs 14.13 per cylinder increase in subsidised rates between June and November.
The price of non-subsidised LPG rates have been cut down by Rs 120.50 due to falling in prices of LPG in the international market apart from strengthening of US dollar-rupee exchange rate, said IOC.
Non-subsidised LPG cylinders will now cost Rs 689 in Delhi. Earlier, the price of non-subsidised LPG was cut by Rs 133 per cylinder on December 1.