• Source:JND
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LPG Cylinder Price Cut: The prices of 19 kg commercial LPG cylinders has been slashed by Rs 69.50 in Delhi. The move comes providing relief to the to businesses and commercial enterprises. As the new price will come into effect, the cost of the 19-kg cylinder will now stand at Rs 1,676.

The most recent drop in price occurs after a recent price adjustment on May 1, 2024, when the cost of 19-kg commercial cylinder was reduced by Rs 19. The consecutive reduction in price points to a positive trend for businesses grappling with operating costs amid economic challenges.

With the beginning of a new month, the prices of LPG cylinders change. The government is running various schemes to promote the use of LPG cylinders for cooking in homes, like Pradhan Mantri Ujjwala Yojana, which provides subsidies to eligible families.

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With the new prices coming into effect, the cost of cylinders in Mumbai will also see a decrease by Rs 69.50. It will now stand at Rs 1,629. The 19-kg LPG cylinder in Chennai will stand at Rs 1,841.50, and the same in Kolkata will now cost Rs 1,841.50.

Earlier on May 1, oil marketing companies slashed the prices of commercial LPG gas cylinders by Rs 19 per unit with immediate effect. The retail prices at that time stood at Rs 1,745.50 in Delhi.

While the precise reasons behind the price decrease remain undisclosed, various factors, such as changes in international oil prices, shifts in taxation policies, and supply-demand dynamics, likely contribute to such adjustments.

(With ANI inputs)