OIL & GAS

Price of non-subsidised LPG cylinders, jet fuel hiked from June 1

As India enters phased easing of restrictions imposed to curb COVID-19, oil marketing companies (OMCs) have hiked non-subsidised LPG and jet fuel prices.

The price of non-subsidized liquefied petroleum gas (LPG) cylinder in Delhi has been increased by Rs 11.50 for an Indane gas cylinder. This is effective from June 1.

“The Retail Selling Price of LPG in Delhi market for the month of May 2020 was reduced from Rs 744 to Rs. 581.50 per cylinder for all consumers in line with a drop in international prices,” The Indian Oil Corporation Ltd. (IOCL) said in a statement.

The decision comes at a time when a large number of businesses are expected to resume work in the coming weeks.

Source
deccan herald
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