Oil Marketing Companies have announced a ₹69.50 reduction in the price of 19-kg commercial LPG cylinders, effective immediately. This move aims to provide relief to businesses and consumers amid rising fuel costs. Let’s take a closer look at the details:
Revised Rates of LPG Cylinders Across Metro Cities:
- Delhi: The retail sales price of a 19-kg commercial LPG cylinder in Delhi now stands at ₹1,676 after the price cut.
- Mumbai: The new price for a 19-kg commercial LPG cylinder in Mumbai is ₹1,629.
- Chennai: The price in Chennai stands at ₹1,841.50.
- Kolkata: After the reduction, the price in Kolkata is ₹1,789.50.
Positive Trend for Businesses:
This reduction follows a previous announcement made on March 1, when the rate of 19-kg commercial LPG cylinders was lowered by ₹19. The consecutive cuts signal a positive trend for businesses grappling with operating costs amid economic challenges. Earlier in April, the prices of 19-kg commercial cylinders and 5-kg FTL (Free Trade LPG) cylinders were slashed by ₹30.50 and ₹7.50, respectively.
Factors Behind Price Adjustments of LPG Cylinders:
While the precise reasons behind the price decrease remain undisclosed, various factors likely contribute to such adjustments. These factors include changes in international oil prices, shifts in taxation policies, and supply-demand dynamics. The government continues to run various schemes to promote the use of LPG cylinders for cooking in homes, such as the Pradhan Mantri Ujjwala Yojana, which provides subsidies to eligible families.
Opposition’s Perspective:
The Opposition has often criticized the BJP-led Centre for failing to rein in fuel prices and its ripple effect on essential food items and other commodities. However, the reduction in LPG cylinder prices is a step towards easing the burden on consumers and businesses alike.
Stay informed about the latest developments by checking the updated rates in your city. Remember that oil marketing companies revise cooking gas prices on the 1st of every month2.
