Centre orders LPG price to be hiked by Rs 4 per month

This, to eliminate all subsidies by March next year, said Oil Minister Dharmendra Pradhan

Oil marketing companies like Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) have started increasing the prices of cooking gas by Rs 4 per cylinder as part of the phase-wise decontrol of the fuel.

OMCs were authorised to increase price of subsidized domestic LPG cylinder by Rs 2 per cylinder (14.2 kg) per month with effect from July 1, 2016. “The government vide its order dated May 30, 2017 has again authorized OMCs to continue to increase the effective price of subsidized domestic LPG by Rs 4 per cylinder effective from June, 2017 per month