LPG price hiked by up to Rs. 32 per cylinder as an impact of GST

Posted on:08 Jul 2017 10:31:46
LPG price hiked by up to Rs. 32 per cylinder as an impact of GST
08 July 2017 Current Affairs: Following the implementation of Goods and Services Tax (GST), price of Domestic cooking gas (LPG) has been increased by upto Rs. 32 per cylinder, which is the rapid increase in six years.

Fact Behind:- 5% GST resulted in Rs. 26.88 increase in price per cylinder in Delhi and the remaining hike of about Rs. 3 is due to the decision since June last year to raise cylinder prices by about Rs. 2 to cut the subsidy.
Following the implementation of Goods and Services Tax (GST), price of Domestic cooking gas (LPG) has been increased by upto Rs. 32 per cylinder, which is the rapid increase in six years.

Fact Behind:- 5% GST resulted in Rs. 26.88 increase in price per cylinder in Delhi and the remaining hike of about Rs. 3 is due to the decision since June last year to raise cylinder prices by about Rs. 2 to cut the subsidy.

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