BUSINESS

Prices For Commercial LPG Cylinders Have Dropped By Rs 39.5; See Them In Delhi, Mumbai, And Other Cities

Oil marketing companies (OMCs) lowered the cost of commercial cooking gas (LPG) by Rs 39.50 per 19-kg cylinder on Friday, in line with declining global benchmarks, which was a relief for customers. Nonetheless, the cost of domestic LPG, which is used for cooking in homes, stayed at Rs 903 for a 14.2-kg cylinder.

Commercial LPG, which is used in many places like hotels and restaurants, will now cost Rs 1,757 per 19-kg cylinder in Delhi, the nation’s capital, as opposed to Rs 1,796.50 after the most recent price reduction, according to a price announcement from OMCs.

The price of commercial LPG was recently increased by state-owned oil companies by Rs 21 on December 1.

In Mumbai, Kolkata, and Chennai, the cost of a 19-kg cylinder of commercial LPG is currently Rs 1,710, Rs 1,868.50, and Rs 1,929. Based on the frequency of municipal taxes, rates vary from one state to the next.

The benchmark used to price LPG, the Saudi contract price (CP), has weakened recently due to worries over oversupply. Every month on the first, the government-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) adjust the pricing of cooking gas and ATF by using the preceding month’s average worldwide price. The Friday revision is an anomaly.

For a record-breaking 21st consecutive month, the price of gasoline and diesel remained frozen. In the capital of India, a liter of petrol costs Rs 96.72, while a liter of diesel costs Rs 89.62.

(With contributions from PTI)

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