Oil companies hike the price of subsidized LPG
Posted on: 02/Jan/2017 10:40:19 AM
Oil companies have hiked the price of commercial LPG (liquefied petroleum gas) price by Rs 1.50 a 19-kg cylinder. Now the cylinder will cost Rs 1203.
Now the subsidized 14.2 kg cylinder will become expensive by Rs 2. This is the 8th increase in price since July when the government decided to go in for small hikes of up to Rs.2 per cylinder every month to cut down its subsidy outgo. LPG rates were last hiked on 1 December by Rs.2.07 per cylinder. The government had last year decided to take the diesel route for eliminating subsidies on LPG and kerosene.
