LPG prices hiked by Rs 16.50 per non-subsidised cylinder; ATF by 0.6%

Price of non-subsidised cooking gas (LPG) was on Tuesday hiked by Rs 16.50 per cylinder and that of jet fuel by over half-a-per cent after international oil prices surged due to the ongoing Iraq crisis. The increase in rates of non-subsidised LPG and ATF accompanies the Rs 1.69 a litre hike in petrol and 50 paisa a litre in diesel announced yesterday. The price of non-subsidised LPG, which customers buy after using up their quota of 12 subsidised cylinders, was raised by Rs 16.50 per 14.2-kg cylinder, the first hike in six months. Each non-subsidised 14.2-kg cooking gas cylinder will now cost Rs 922.50 in Delhi, up from Rs 906, according to Indian OilBSE -0.56 % Corp (IOC), the nation's largest oil firm. Non-subsidised LPG rates were last month cut by Rs 23.50 per cylinder. A subsidised LPG cylinder in Delhi costs Rs 414. Today's hike breaks the declining trend that started in February with a Rs 107 cut in rates to Rs 1,134 per cylinder. It was followed by a Rs 53.5 per cylinder reduction in March to Rs 1,080.50, by Rs 100 to Rs 980.50 in April, by Rs 52 in May and by Rs 23.50 cut last month.For More information on this news visit: http://www.itvnewsindia.com/For More information on this news, visit: http://www.indianews.ind.in/Connect with us on Social platform at: http://www.facebook.com/IndiaNewsTVSubscribe to our You Tube channel: https://www.youtube.com/user/itvnewsindiaConnect with us on Social platform at: https://www.facebook.com/pages/India-News/371196196360607