In a major relief to consumers, the cost of domestic Liquefied Petroleum Gas (LPG) cylinders will reduce by ₹ 10 from April 1, bringing it down to ₹ 809 per cylinder, Indian Oil Corporation (IOC) informed on Wednesday.
“The price of domestic LPG cylinders has been reduced by ₹ 10 per cylinder from ₹ 819 per cylinder to ₹ 809 per cylinder in Delhi, effective from April 1. The same reduction has been carried out in other markets,” the IOC said.
Prices of crude oil and petroleum products have been on a constant uptrend since November 2020. As India is largely import-dependent on crude oil and the prices are market linked, the increase in international prices resulted in an increase in domestic price of petroleum products, according to an official statement.
The IOC further informed that oil companies have reduced the Retail Selling Price (RSP) of diesel and petrol by 60 paise per liter and 61 paise per liter respectively in the national capital over the last few days.