Domestic Liquefied petroleum gas (LPG) will become cheaper by Rs10 per cylinder from April 1, bringing much-needed relief to households reeling under the impact of consecutive price hikes in February.

The Indian Oil Corporation Limited on Wednesday confirmed the reduction of Rs10 in the price per cylinder.  Offering some relief to the common man, the prices of non-subsidised Liquefied petroleum gas (LPG) cylinders will go down from April. Starting from 1 April, the cost of domestic cooking gas will be reduced by Rs 10, Indian Oil Corporation Limited said on Wednesday. 

After raising cooking gas prices by Rs 125 per cylinder on March, state-owned oil companies announced a cut of Rs 10 per cylinder in LPG rates on Wednesday with softening international oil prices.

In view of that, Oil Companies have reduced the Retail Selling Price (RSP) of Diesel and Petrol by 60 paise per litre and 61 paise per litre respectively at Delhi market over the past few days. There was a corresponding reduction in prices at other markets during this period. This reduction has come as a relief to motorists and transporters across India, said IOCL.

Prices of crude oil and petroleum products in the international market 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 increase in domestic price of petroleum products.

After the latest revision, in Delhi and Mumbai, a 14.2 kg non-subsidised LPG cylinder will cost around Rs 809 from April. An LPG cylinder will now be available at Rs 835.50 in Kolkata from Thursday. In Chennai, the prices of LPG cylinders will be lowered to Rs 825.

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