Oil marketing companies have reportedly reduced the prices of commercial LPG gas cylinders by Rs 69.50, effective immediately from June 1.
This adjustment brings the retail price of a 19 kg commercial LPG cylinder in Delhi to Rs 1,676.
According to news agency ANI, similar reductions have been reported across other metro cities in India.
This latest price cut follows a previous reduction on May 1, 2024, when the 19 kg commercial LPG cylinders rate was decreased by Rs 19. These successive reductions relieve businesses grappling with operating costs amid economic challenges.
Commercial LPG Cylinder Price In Mumbai
In Mumbai, the price reduction is also Rs 69.50, setting the new rate at Rs 1,629.
Chennai’s price now stands at Rs 1,841.50, while in Kolkata, the price is Rs 1,789.50 after the cut.
In April, prices of 19 kg commercial cylinders and 5 kg FTL (Free Trade LPG) cylinders were reduced by Rs 30.50 and Rs 7.50, respectively.
Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) adjust cooking gas prices on the 1st of every month.
The government also promotes using LPG cylinders for household cooking through various schemes like the Pradhan Mantri Ujjwala Yojana, which provides subsidies to eligible families.
While the specific reasons for the price decrease have not been disclosed, factors such as international oil price fluctuations, changes in taxation policies, and supply-demand dynamics likely influence these adjustments. Revisions for both commercial and domestic LPG cylinders typically occur on the first day of each month.
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