Non-subsidised cooking gas price cut by Rs 62.50 per cylinder: IOC

Non-subsidised LPG will now cost Rs 574.50 with effect from midnight tonight

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Current affairs: Non-subsidised cooking gas (LPG) price was on Wednesday cut by Rs 62.50 per cylinder on softening international rates.

Non-subsidised or market priced LPG, which consumers buy after exhausting their quota of 12 cylinders of 14.2-kg each at subsidised rates, will now cost Rs 574.50 with effect from midnight tonight, IOC said in a statement.

"It may be noted that the price of non-subsidised LPG was reduced by Rs 100.50/cylinder earlier in July 2019 also. Considering this, the price of non-subsidised LPG cylinder has come down by Rs 163.00/cylinder cumulatively in two months," it said.

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