Commercial LPG Cylinder Prices Reduced by Rs 69.50 per Unit
June 1, 2024: In a significant move for businesses and enterprises, oil marketing companies (OMCs) have reduced the prices of commercial LPG gas cylinders by approximately Rs 70 per unit. This reduction, effective from today, is expected to provide much-needed financial relief to various sectors reliant on LPG for their operations.
The new price for a commercial LPG cylinder in Delhi is now Rs 1,676, reflecting a decrease of Rs 69.50 from the previous price. The price cuts vary slightly across different regions: Kolkata has seen a reduction of Rs 72, Mumbai's prices have dropped by Rs 69.50, and Chennai has experienced a decrease of Rs 70.50.
The adjustment in prices is attributed to a combination of factors, including fluctuations in international oil prices and market dynamics. Notably, commercial LPG cylinder prices were also reduced by Rs 19 on May 1, 2024, indicating a trend of decreasing costs in recent months.
Additional News Highlights:
LPG Cylinder Prices for Domestic Use Remain Unchanged: While the commercial LPG cylinder prices have been lowered, the prices for domestic LPG cylinders remain unchanged as of June 1, 2024. This stability in domestic pricing ensures that household consumers are not affected by the market fluctuations impacting commercial users.
Government Initiatives for LPG Consumers: The Indian government continues to implement various initiatives to make LPG more accessible and affordable for its citizens. Programs like the Pradhan Mantri Ujjwala Yojana, which provides subsidized LPG connections to low-income households, are part of the broader strategy to ensure energy security and affordability for all segments of society.
Overall, the recent reduction in commercial LPG cylinder prices is a positive development for businesses and industries. This move is expected to help alleviate some of the financial burdens associated with cooking gas expenses, thereby supporting economic activities and potentially contributing to price stability in sectors dependent on LPG.
For the most up-to-date information on LPG cylinder prices, it is advisable to check with your local LPG distributor as prices are subject to change based on market conditions and regulatory adjustments.