Price of LPG refills to go down by Rs. 100
GUWAHATI: From July 1, the LPG bill will go down by Rs. 100.50 for each refill and the effective payout will come down to Rs. 494.50 after adjusting the subsidy from the government.
This decrease in price happened because of softening prices in the international market and a favourable dollar-rupee exchange rate, according to a report by the Times of India.
Based on the same report, IndianOil has stated that the price of unsubsidised domestic LPG cylinder will come down to Rs. 637 from Rs. 737.50.
The government will further transfer Rs. 142.65 as subsidy directly into the bank account of the consumer for each cylinder.
It should be noted that this reduction comes after a month of nearly 4% increase in the price, which amounted to an increase of Rs. 25 per cylinder.