Indian Oil Clarifies on LPG Price Hike - The New Indian Express

Indian Oil Clarifies on LPG Price Hike

Published: 04th January 2014 09:28 AM

Last Updated: 04th January 2014 09:28 AM

Indian Oil on Friday clarified that the hike in price of domestic LPG cylinder refill will affect only those customers who have availed of more than nine cylinders during the current fiscal and who have not linked their Aadhaar number with the LPG distributor and bank.

The grace period for availing direct benefit transfer of LPG (DBTL) for domestic cooking gas customers in 12 districts has been extended from January 4 to February 28.

In Pathanamthitta and Wayanad districts, DBTL scheme was already in place from September 1, 2013.

The price of the 14.2-kg domestic LPG cylinder has been hiked by `231.33 (in Thiruvananthapuram market) with effect from January 1, 2014, due to the steep increase in international price of LPG owing to increased demand from Europe due to severe winter conditions prevailing there.

However, customers who have already linked their Aadhaar number with both their LPG distributor and bank account linked will continue to receive subsidy up to nine refills per year.

The current month’s subsidy of `814.49 (in Thiruvananthapuram market) will be credited to their bank account.

The subsidy amount also varies in line with the retail selling price of domestic LPG refill cylinder, a statement from Indian Oil said.

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