LPG cylinder price hiked by Rs 46.50

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NEW DELHI, Jan 18 (Agencies): The price of non-subsidised cooking gas (LPG) was today hiked by Rs 46.50 per cylinder as part of reform measures unleashed by the government to trim its huge fuel subsidy bill, reports PTI.
A 14.2-kg LPG cylinder that consumers will have to buy after they exhaust their enhanced quota of 9 subsidised bottles in a year, will cost Rs 942 from today, according to Indian Oil Corp (IOC).
Oil PSUs had last hiked the price of non-subsidised LPG by Rs 26.50 per cylinder on November 1, but had to roll it back within hours as the government did not want to compound the backlash it was already facing for limiting supply of subsidised LPG to just six cylinders per household in a year.
However, after yesterday’s government decision to raise the supply of LPG at subsidised rate of Rs 410.50 to 9 cylinders per household in a year from six, the rate for non-subsidised gas was hiked by Rs 46.50 per 14.2-kg cylinder to Rs 942 in Delhi.

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