On the first day of Unlock 1.0, the Central Government has increased the price of LPG cylinders.
The hike came after three months of successive rate cuts.
"For the month of June, 2020, there has been an increase in international prices of LPG. Due to an increase in the prices in the international market, the RSP (retail selling price) of LPG in Delhi market will be increased by Rs 11.50 per cylinder," Indian Oil stated in a statement.
Based on the international benchmark rate of LPG and the exchange rate of US dollar and rupee, LPG cylinder rates are revised at the beginning of each month.
Ever since August 2019, LPG prices were on an upward journey but as bears took charge in the global energy market due to the global spread of coronavirus and related lockdowns in several countries, LPG rates were cut for three straight months till May.
Latest LPG cylinder rates in few cities(Indane - non-subsidized 14.2 kg):