Cooking gas cylinders will be cheaper by Rs. 100.50 from today, the Indian Oil Corporation has declared, providing major relief to households across the country. With this, the unsubsidized price of each domestic LPG cylinder will be Rs. 637 instead of Rs. 737.50.
According to a press release issued by Indian Oil, the decision to cut rates was taken in view of softening LPG (liquefied petroleum gas) prices in the international market and a favorable dollar-rupee exchange rate.