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Commercial LPG price reduced by Rs. 83.5 for 19 kg cylinder

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Commercial LPG price reduced by Rs. 83.5 for 19 kg cylinder

commercial LPG Cylinder

On Thursday, the cost of commercial LPG, which is used by businesses like hotels and restaurants, was reduced by Rs 83.5 per 19-kg cylinder—the third consecutive monthly decrease—while the cost of jet fuel (ATF) was reduced by 7% as a result of falling global oil prices.

According to price notifications from state-owned fuel merchants, a 19-kg commercial LPG currently costs Rs 1,773, down from Rs 1,856.5, in the nation’s capital.

Prices for commercial LPG have dropped for three consecutive months.

On April 1 and May 1, prices per 19-kg cylinder were reduced by Rs 91.5 and Rs 171.5, respectively.

The three price cuts have nearly completely offset the Rs 350.5 per cylinder price increase that took effect on March 1.

In the national capital, the cost of domestic LPG, which is what households use in the kitchen for cooking, remained constant at Rs 1,103 per 14.2-kg cylinder.

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On March 1st, domestic LPG prices were last increased by Rs. 50 per cylinder.

Every month on the first, the state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) updated their cooking gas pricing in accordance with the average international price for the month prior.

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