The price of subsidised LPG will be reduced by Rs 6.52 per cylinder.
According to the company, the fall in LPG prices is due to decrease in prices of LPG in the international market and strengthening of the rupee against the dollar.
The prices of non-subsidised LPG will cost Rs 809.50 per cylinder and subsidised LPG will cost Rs 500.90 per cylinder in the national capital.
“As domestic LPG prices are subsidized by government, the effective price after subsidy to consumer will reduce by Rs 6.52 per cylinder (from Rs 507.42 in November 2018 to Rs 500.90 for December 2018). The reduction is on account of the GST impact on decrease in price of non-subsidised LPG,” IOC said.
Fall in global crude oil prices and strengthening of the rupee against the dollar has also decreased prices of petrol and diesel across the country.
Petrol prices have fallen more than Rs 9.59 per litre and diesel prices have fallen more than Rs 7.56 per litre in the national capital since 17 October.