Subsidised LPG price hiked by Rs 2.08 per cylinder; non-subsidised rate raised by Rs 42.50
The increase comes after three straight monthly reduction in rates. The rise has been necessitated due to tax impact on increased market rate of the fuel, IOC said in a statement
The government, however, subsidises 12 cylinders of 14.2 kg each per households in a year by providing the subsidy amount directly in bank accounts of users. PTI