Indian Oil Corporation has announced that non-subsidized LPG cylinders will get cheaper by Rs. 100.50 from Monday, July 1.
Rather than Rs. 737.50 prior, LPG chambers will presently cost Rs. 637.
In the interim, after the crisp rate amendment, subsidized cylinders will cost Rs. 494. 35.
IOC said this in the official statement which was put out on Sunday.
The IOC said costs were cut in perspective on relaxing LPG rates in the global market. The favorable dollar-rupee conversion scale likewise encouraged the choice, clarified IOC.
“Upfront cash payment by consumer of domestic LPG will reduce by Rs. 100.50 per cylinder,” IOC’s statement added.
The change rates come precisely a month after rates were increased. From June 1, the cost of LPG cylinder was increased by 3.65%, which means Rs. 25 for each cylinder .