An official release said that the subsidized cylinders will continue to be available at 399 rupees per cylinder in Delhi. The market rate of LPG cylinders at non-subsidized rates will be notified by Oil Marketing Companies, on a monthly basis.
The above decisions will reduce the under-recovery of companies by about 20,300 crore rupees. The under-recovery for 2012-13 will be about 1,67,000 crore rupees.
Image: Women participate in a protest against the price hike in diesel and capping the number of subsidized cooking gas cylinders in Ahmadabad, Friday, Sept. 14, 2012. The government is facing angry protests from its political allies as well as the opposition after it raised the price of diesel fuel in a bid to curb its ballooning fiscal deficit and also announced a reduction in cooking gas subsidies. The replica of cooking gas cylinder reads as "down with price rise." (AP)