Petroleum and oil marketing companies have announced a significant reduction in the price of Commercial LPG cylinders. Effective immediately, the price of a 19 kg commercial LPG cylinder has been reduced by ₹171.50, as reported by news agency ANI. However, the price of domestic LPG cylinders remains unchanged.
Revised Prices Across Major Cities
The retail sale price of a 19 kg LPG cylinder in Delhi will now cost ₹1,856.50, while in Mumbai it will cost ₹1,808 from the earlier ₹1,980. In Kolkata, the commercial LPG cylinder will cost ₹1,960.50 from the earlier ₹2,132.00. In Chennai, it will cost ₹2,021 from the earlier ₹2,192.
Fluctuation in Prices of Commercial LPG Cylinders
As compared to domestic LPG cylinders, the prices of commercial gas tend to fluctuate more. In the previous month, the rate of commercial gas cylinders was cut by ₹92 on the first day of the fiscal year 2024. While in March, the prices of commercial LPG cylinders were hiked by ₹350.50 per unit and domestic LPG cylinders by ₹50 per unit. In January, it was increased by ₹25.
In 2022, the prices of domestic LPG cylinders were hiked four times and reduced three times.
On September 1 last year, the prices of the commercial cylinders were reduced by ₹91.50, while in August it was reduced by ₹36. In July, the rates were cut by ₹8.5 per unit.
Benefits of Reduced Prices
This reduction in price will come as a relief to commercial users who rely on LPG cylinders as a fuel source. With the pandemic hitting businesses hard, any cost-cutting measure is welcome news. This reduction in LPG cylinder prices will provide some much-needed relief to businesses that are already struggling with the economic impact of the pandemic.
Conclusion
The reduction in LPG cylinder prices is a welcome relief for commercial users who rely on this fuel source. While the prices of domestic LPG cylinders remain unchanged, the reduction in prices of commercial LPG cylinders will provide some respite to businesses during these difficult times.
Source: HT
