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Prices Of LPG Commercial Cylinders Reduces By Rs 30, Check New Rates In Delhi, Mumbai, Kolkata

The exact reasons behind the recent price decrease have not been disclosed, it is evident that the oil marketing companies are responsive to the broader economic conditions and markets.

Shivya Kanojia

Updated Jul 1, 2024, 13:08 IST

Representational Image, ANI.

The price of the 19 Kg commercial LPG cylinder has been reduced starting from Monday, July 1. Reportedly, prices of the domestic cylinder rates have not been changed. This latest price cut follows a series of reductions over the past few months.

New Prices In Delhi

The price of the commercial LPG cylinder of 19 Kg has been slashed by Rs 30. Consequently, the new retail sales price of a 19 Kg commercial LPG cylinder in Delhi is now Rs 1646.

New Prices In Mumbai

The price of the commercial LPG cylinder of 19 Kg has been slashed by Rs 30. Consequently, the new retail sales price of a 19 Kg commercial LPG cylinder in Mumbai is now Rs 1598.

New Prices In Chennai

The price of the commercial LPG cylinder of 19 Kg has been slashed by Rs 30. Consequently, the new retail sales price of a 19 Kg commercial LPG cylinder in Chennai is now Rs 1809.50.

New Prices In Kolkata

The price of the commercial LPG cylinder of 19 Kg has been slashed by Rs 30. Consequently, the new retail sales price of a 19 Kg commercial LPG cylinder in Kolkata is now Rs 1756.

On June 1st, the price of 19 kg commercial LPG cylinders in Delhi was lowered by Rs 69.50, making the new retail price Rs 1676. Earlier, on May 1, 2024, there was a reduction of Rs 19 per cylinder. These back-to-back price cuts show a promising trend for businesses facing high operating costs during tough economic times.

Dynamic Nature Of Market

The frequent adjustments in LPG cylinder prices at the start of each month reflect the dynamic nature of the market. Various factors such as international oil prices, taxation policies, and supply-demand dynamics play a significant role in these pricing decisions.

Why have the prices been reduced?

Although the exact reasons behind the recent price decrease have not been disclosed, it is evident that the oil marketing companies are responsive to the broader economic conditions and markets.

The reduction in LPG prices is particularly significant given the current economic climate. Businesses, especially those in the food and hospitality sectors, heavily rely on commercial LPG cylinders for their operations. The price cuts provide some much-needed financial relief, enabling these businesses to better manage their operating costs and potentially pass on some savings to consumers.

Pradhan Mantri Ujjwala Yojana

Additionally, the government has been proactive in promoting the use of LPG cylinders for cooking in homes through various schemes such as the Pradhan Mantri Ujjwala Yojana. It provides subsidies to eligible families, encouraging the adoption of cleaner cooking fuels and improving living standards.

With ANI Inputs

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