The price for non-subsidised cooking gas has been cut by Rs 37.50 a cylinder. The price cut would be applicable on cylinders that consumers buy beyond their quota of subsidised cylinders.
Sources said oil firms continue to incur a loss of Rs 439 on sale of every 14.2-kg cylinder at subsidised rate of Rs 410.50 in Delhi.
Diesel price for bulk consumers like Railways has been hiked by almost a rupee per litre. The retail prices of diesel sold through petrol pumps will not change.
The government had in January allowed state-owned oil firms to sell diesel to all consumers taking supplies from their installations at market price.
Pursuant to the decision, oil companies sold diesel to bulk consumers like Defence, Railways and State Road Transport Corporations at a rate of Rs 58.58 per litre as compared to Rs 48.16 per litre price of the fuel at petrol pumps in Delhi.
Industry sources said the oil firms had on Friday hiked the price of diesel for the bulk consumers by 94 paisa, excluding local sales tax or VAT. The actual increase for consumers will be up to Rs 1.25 per litre.
The hike in bulk diesel price was necessitated by the firming up of international oil rates. This has led to loss on diesel sold through petrol pumps rising to Rs 11.26 per litre from Rs 10.72 last month.
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