LPG dealers to charge October rates for now

With the proposed hike in price of non-subsidised LPG being stayed, dealers in the city say the October rates will be followed until further directions from the Centre. According to October rates, it was Rs 920 and the proposed hike declared by oil companies on November 1 for the city was Rs 948, which is a hike of Rs 28. "We will follow the October rates of Rs 920 for non-subsidised and exempted category as of now until we get further directives,'' said state federation president of the LPG dealers association Usha Poonawalla.

Ahead of Diwali, the price of non-subsidised cooking gas (LPG), which the consumers could buy at Rs 920 until last month was hiked to Rs 948 according to international rates. While the subsidised gas cylinder cost Rs 433, the rates were hiked by oil firms on Thursday. Oil firms had also declared the rates of exempted category for the month, but will follow the rates of last month. The oil companies had also declared the rates of the 19 kg commercial cylinder, which was to cost Rs 1,701 within municipal limits, while it was to cost Rs 1,655.50 outside municipal limits.

They have announced that they would revise the rates of non-subsidised LPG on the first of every month based on average imported cost and rupee-US dollar rate during the previous month. There is no restriction on number of non-subsidised cylinders that a consumer buys beyond the six subsidised cylinders a year. The rates of non-subsidised 14.2-kg cylinder and those of commercial bottles of the same size differ because the government has granted exemption from customs and excise duty on non-subsidised LPG cylinders only for domestic consumption.

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