LPG | NewsTodayDigest

LPG rate cut up to Rs.65

April 2, 2020April 6, 2020 Chetan Anand

COVID-19 has a disastrous impact on the global economy. Also, crude prices are lurking at the decade’s lowest value. Brent crude is now selling at $25.88 per barrel and West Texas Intermediate is trading at $20.6 a barrel. The falling prices of crude have impacted the rates of LPG also, which has seen a rate cut up to Rs. 65 in India. Indian Oil Corporation (IOC) releases a revised rate for crude and LPG at the beginning of every month. The price of LPG has been reduced for the second…

LPG prices shot off by Rs. 144.50 per cylinder!

February 14, 2020April 17, 2020 Chetan Anand

The cost of cooking LPG cylinders has undergone an unprecedented hike of Rs. 144.50 per cylinder. The unusual rise is credited to the revision of the benchmark global fuel prices. A price notification by state-owned oil firms confirmed that per 14.2 kg LPG cylinder will cost Rs. 858.50 now, instead of Rs. 714. This rise is steepest after 2014 when per cylinder prices were increased by Rs. 220 per cylinder. The government has done a wonderful job of almost doubling the subsidy which it gives to domestic users. This graceful…