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In a welcome move aimed at alleviating the burden on consumers amidst soaring fuel costs, the price of commercial liquefied petroleum gas (LPG) has been reduced significantly.
Oil marketing companies have recently adjusted the prices of commercial LPG gas cylinders, notably reducing the cost of 19 kg commercial cylinders by Rs 19. This adjustment, effective from May 1, brings the retail sales price of a 19 kg commercial LPG cylinder to Rs 1,745.50 in Delhi.
Oil marketing companies have revised the prices of commercial LPG gas cylinders. The rate of 19 KG commercial LPG gas cylinders has been slashed by Rs 19 with effect from today. Delhi retail sales price of 19kg commercial LPG cylinder is Rs 1,745.50 from today.
— ANI (@ANI) May 1, 2024
In Chennai, the price for a 19 kg commercial cylinder is now Rs 1,911, reflecting the recent reduction. Similarly, in Kolkata, there’s a Rs 20 decrease, bringing the price of a 19 kg LPG cylinder to Rs 1,859.
Here are the latest prices for 19 kg LPG cylinders in major cities:
Delhi: Rs 1,745.50
Mumbai: Rs 1,698.50
Kolkata: Rs 1,859
Chennai: Rs 1,911
This reduction in LPG cylinder prices follows a consecutive three-day decline in global oil prices, which serve as the benchmark for domestic fuel prices. Factors contributing to this downturn include increasing crude inventories in the US and growing optimism surrounding a potential ceasefire agreement in the Middle East.
