Delhi govt slashes fuel prices

28 June,2011 07:27 AM IST |   |  MiD DAY Correspondent

LPG cylinders will cost Rs 40 less while diesel will cost 37 paise less for BPL and Antyodaya families, according to a city government decision aimed at providing relief from the recent hike prices of oil products


LPG cylinders will cost Rs 40 less while diesel will cost 37 paise less for BPL and Antyodaya families, according to a city government decision aimed at providing relief from the recent hike prices of oil products.



Diesel will now cost Rs 40.75 a litre in Delhi and LPG will be priced at Rs 355.35 per cylinder for these families. Delhi has become the third state after West Bengal and Haryana to announce reduction in prices of oil products.

"LPG cylinders will cost Rs 40 less for BPL and Antyodaya families while diesel will cost 37 paise less per litre," Delhi chief minister Sheila Dikshit said at a Cabinet meeting.

Diesel costs Rs 41.72 after the last hike of Rs 3 a litre announced by the Centre, while domestic LPG price went up by Rs 50 a cylinder and kerosene by Rs two a litre. Other consumers in the national capital have to shell out Rs 395.45 for an LPG cylinder now.u00a0

Dikshit, who also holds the finance portfolio, said the subsidy on LPG cylinders will benefit four lakh BPL families and around 80,000 Antyodaya families. She said the decision on LPG subsidy and cut in diesel prices will put a burden of around Rs 39 crore annually on the exchequer.

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news delhi slashes fuel prices LPG cylinders Rs 40 oil products hike prices