Business

LPG cylinder prices slashed: Relief for commercial consumers

This will come as good news to commercial LPG users. State-backed oil marketing companies have cut the prices of 19 kg commercial LPG cylinders. Initially, in July, a 19 kg cylinder was available for ₹ 1,676, but now it has been reduced to ₹ 1,646 for Delhi, a price cut of ₹ 30 from the said date.

The price cuts are not restricted to the national capital only because citizens of other metro cities have also found the prices slashed. A 19 kg cylinder will now cost ₹1,598 in Mumbai as against the new price of ₹1,756 in Kolkata.

However, the price of 14. There is no change in the 2 kg domestic cooking gas cylinder format. It also cut the actual consumers’ prices for the same cylinders by ₹363 to ₹803 in Delhi ₹335 to ₹829 in Kolkata, ₹332 to ₹818 in Chennai, and ₹318 in Mumbai. 50, and ₹802. 50, respectively.

These changes in the price of LPG cylinders are made by the state OMCs, often including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL). Such adjustments denote the average price of benchmark international fuels and the foreign exchange rates in the global market.

Some relief is expected to go toward businesses and establishments that depend on commercial LPG cylinders for fuel, especially now that the prices have been cut.

Source
Hindustan Times

HD News Desk

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