The diesel price will go up by Rs. 5 a litre and a household will get only six domestic LPG (14.2 Kg) cylinders per annum. Any number of cylinders will be available over and above the cap of 6 cylinders at market rate. The number of cylinders available to each consumer in the remaining part of this financial year will be 3 cylinders, an official statement said.
The decisions were taken by the Cabinet Committee on Political Affairs at a meeting on Thursday. The diesel price hike, which excludes VAT, will take effect from midnight on Friday. In Delhi, diesel will now cost Rs. 47, up from Rs. 41.32, including 12.5 per cent VAT. In Mumbai, the price is likely to go up to Rs. 51.52, in Chennai Rs. 48.91, Visakhapatnam Rs. 50.20, Kolkata Rs. 49.76 and Hyderabad Rs. 51.17.
It was also decided to cut the excise duty on petrol by Rs. 5.50 a litre from Rs. 14.78.