New Delhi: Your LPG bill will go down by Rs 100.50 from Monday for each refill and the effective payout will come down to Rs 494.50 after adjusting the subsidy from the government due to softening prices in the international market and a favourable dollar-rupee exchange rate.According to the country's largest fuel retailer IndianOil, the price of unsubsidised domestic LPG cylinder will come down to Rs 637 from Rs 737.50. The government will transfer Rs 142.65 as subsidy directly into the bank account of the consumer for each cylinder.
The reduction comes a month after nearly 4% increase in the price, amounting to an increase of Rs. 25 per cylinder. The international prices and rupee exchange rate have a lag before taking effect.
The government subsidises 12 cylinders of 14.2 kg each per household in a year. For any additional purchases, the consumer has to bear the market price. The extent of the subsidy varies from month to month, depending on changes in the average international benchmark LPG prices and foreign exchange rate.