BIG MOVE | Non-subsidised LPG price reduced by over Rs 100 per cylinder

The price of non-subsidised LPG Sunday was cut by over Rs 100 per cylinder on the back of softening international rates, Indian Oil Corp (IOC) said.

The cooking gas in Delhi will be priced at Rs 637 per cylinder from midnight tonight as against Rs 737.50 currently, IOC said in a statement.

Subsidised cooking gas price will be Rs 494.35 per cylinder.

In January, the domestic cooking gas (LPG) price was cut by Rs 1.46 per cylinder, the third straight reduction in a month's time due to tax impact on reduced market rate of the fuel. 

A 14.2-kg subsidised LPG cylinder cost Rs 493.53 in the national capital in that month, Indian Oil Corp (IOC), the country's largest fuel retailer, had said in a statement.

It was the third straight monthly reduction in LPG rate.

On December 1, the subsidised LPG price was cut by Rs 6.52 per bottle and by Rs 5.91 on January 1.

This is a breaking story which will be updated.