The fuel retailers have now reduced the LPG gas cylinders prices after six consecutive time increase in the subsidy and non-subsidy cylinder rates. People can check the LPG Gas Cylinder New Prices (14.2 kg cylinder) in top metro cities like Delhi, Kolkata, Chennai, Mumbai which will remain applicable for the month of December 2018.
In the previous 6 months, the cylinders prices were on a hike and had gone up by 16.21 per subsidized cylinder (Rs. 491.21 in May to Rs. 507.42 in Nov 2018). The rate of subsidized LPG gas cylinder has been reduced by approx. Rs. 6.5 per cylinder while for non-subsidized cylinder rate has been reduced approx. by Rs. 133 from previous month.
The prices of subsidized and non-subsidized LPG gas cylinders are revised on the 1st of every month. Moreover, the central government provides subsidy on the first 12 gas cylinders every household in a single year under the direct benefit transfer (DBT) scheme.
LPG Gas Cylinder Rates (Subsidy & Non-Subsidy) for December 2018
The effective cost to consumers with & without subsidy in metros for 14.2 Kg cylinder are as follows:-
LPG Gas Cylinder New Prices for December 2018
|Metro Cities||Subsidized LPG Gas Cylinder Rates||Non-Subsidized Prices of LPG Gas Cylinders|
|Delhi||Rs. 500.90||Rs. 809.50|
|Kolkata||Rs. 504.12||Rs. 837.00|
|Mumbai||Rs. 498.57||Rs. 780.50|
|Chennai||Rs. 488.65||Rs. 826.50|
In case the prices of LPG rises in the international market, then all these prices are absorbed by the central government as subsidy. This month, the price of non-subsidized LPG in Delhi has been reduced by around Rs. 133 per cylinder to reflect fall in international oil rates and strengthening of the rupee.
As per tax rules, GST on LPG is being calculated at the market rate of the fuel. The govt. may choose to subsidize a part of the price but tax needs to be paid at the market rates. So, with the fall in market price or non-subsidised LPG price, the tax incidence on subsidized cooking fuel has also come down which leads to the current price reduction.
The subsidy amount to be transferred into the bank account of the customers is now Rs. 308.6 per cylinder in December 2018 from Rs. 433.66 per cylinder in November 2018.
— Check 14.2 Kg Subsidized LPG gas cylinder previous prices (Month Wise) here.
— Check 14.2 Kg Non-subsidized LPG gas cylinder previous prices (Month Wise) here.
— Check LPG Subsidized / Non-Subsidized Gas Cylinder Rates (December 2018) for other cities.