In a relief to common man, State-run oil marketing companies (OMCs) will reduce the price of domestic LPG cylinder by Rs 10 per cylinder from April 1. With the revised rate, a 14.2 kg LPG cylinder in Dimapur and Kohima will cost around Rs. 827.50 and 828.50 respectively from April.
In a statement on Wednesday, OMC major Indian Oil Corporation said that prices of crude oil and petroleum products in the international market have been on a constant uptrend since November 2020.
Fuel retailers revise prices of LPG cylinders every month. The LPG prices had been increased by Rs.125 per cylinder in recent weeks. The price of LPG cylinders in India is dependent primarily on two factors — the international benchmark rate of LPG and the exchange rate of US dollar and rupee.