• Source:JND
Add as a preferred

LPG Price Cut: The public sector Oil marketing companies have revised the prices of commercial liquefied petroleum gas (LPG) cylinders. The rate of 19 kg commercial LPG cylinders has been slashed by Rs 19 per unit with effect from Wednesday, May 1. The retail sale price of the 19 kg commercial LPG cylinder in Delhi is now Rs 1,745.50. Earlier, the price of a 19 kg cylinder in Delhi was Rs 1764.50.

In April, oil marketing companies slashed the price of commercial cylinders by Rs 30.50. Earlier, the Oil marketing companies had increased the price by Rs 25.50 in March and Rs 14 in February, whereas, on January 1, there was a marginal reduction of Rs 1.50.

ALSO READ: RBI Updates Guidance Note On Operational Risk Management, Extends It To NBFCs

Following the latest price adjustments, a commercial 19 kg cylinder in Chennai is now priced at Rs 1,911. Meanwhile, in Kolkata, the price of an LPG cylinder has been reduced by Rs 20.

Check The Latest 19 Kg LPG Cylinder Prices In Metro Cities

Delhi - Rs 1,745.50

Mumbai - Rs 1,698.50

Kolkata - Rs 1,859

Chennai - Rs 1,911

The Opposition, led by the Congress, has criticised the BJP-led ruling National Democratic Alliance (NDA) at the Centre for its perceived inability to control fuel prices and the subsequent impact on essential food items and other goods. While the specific causes of the price decline are not explicitly stated, a multitude of factors including fluctuations in global oil prices, alterations in taxation policies, and changes in supply and demand dynamics are presumed to play a role in these modifications.

Revisions for both commercial and domestic LPG (liquefied petroleum gas) cylinders typically occur on the first day of each month.