NEW DELHI: Oil marketing companies on Monday revised the prices of commercial LPG gas cylinders. The rate of 19 kg commercial LPG gas cylinder has now been slashed by Rs 30 with effect from July 1.
In Delhi, the retail sale price of 19kg commercial LPG cylinder is Rs 1646 from July 1.
This latest price cut is part of a series of reductions over the past few months.On June 1st, the rate for a 19 kg commercial LPG cylinder in Delhi was reduced by Rs 69.50, bringing the retail sales price down to Rs 1676. Before that, on May 1, 2024, there was a reduction of Rs 19 per cylinder.
Although the exact reasons behind the recent price decrease have not been disclosed, it is evident that the oil marketing companies are responsive to broader economic conditions and markets. The reduction in LPG prices is particularly significant given the current economic climate, providing some financial relief to businesses.
Businesses, especially those in the food and hospitality sectors, heavily rely on commercial LPG cylinders for their operations.
Additionally, the government has been promoting the use of LPG cylinders for cooking in homes through various schemes such as the Pradhan Mantri Ujjwala Yojana. The scheme provides subsidies to eligible families, encouraging the adoption of cleaner cooking fuels and improving living standards.
In Delhi, the retail sale price of 19kg commercial LPG cylinder is Rs 1646 from July 1.
This latest price cut is part of a series of reductions over the past few months.On June 1st, the rate for a 19 kg commercial LPG cylinder in Delhi was reduced by Rs 69.50, bringing the retail sales price down to Rs 1676. Before that, on May 1, 2024, there was a reduction of Rs 19 per cylinder.
Although the exact reasons behind the recent price decrease have not been disclosed, it is evident that the oil marketing companies are responsive to broader economic conditions and markets. The reduction in LPG prices is particularly significant given the current economic climate, providing some financial relief to businesses.
Businesses, especially those in the food and hospitality sectors, heavily rely on commercial LPG cylinders for their operations.
Additionally, the government has been promoting the use of LPG cylinders for cooking in homes through various schemes such as the Pradhan Mantri Ujjwala Yojana. The scheme provides subsidies to eligible families, encouraging the adoption of cleaner cooking fuels and improving living standards.