Updated December 22nd, 2023 at 15:46 IST
Commercial LPG prices slashed by Rs 39.50 per 19-kg cylinder
Despite this reduction for commercial usage, the price for domestic LPG, predominantly utilized in household kitchens, remains unaffected at Rs 903 per 14.2-kg.
New Delhi: In a move reflective of softening global benchmarks, commercial cooking gas (LPG) prices witnessed a significant reduction of Rs 39.50 per 19-kg cylinder on Friday. This adjustment aligns with the recent decline in the Saudi contract price (CP), a key factor in determining LPG prices globally.
Despite this reduction for commercial usage, the price for domestic LPG, predominantly utilized in household kitchens, remains unaffected at Rs 903 per 14.2-kg cylinder.
The new cost for commercial LPG in the national capital stands at Rs 1,757 per 19-kg cylinder, down from Rs 1,796.50.
Oil firms, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), made the announcement in a price notification.
Last commercial LPG price revision
Notably, the last revision in commercial LPG prices occurred on December 1, with a Rs 21 hike.
The revised rates for commercial LPG vary across major cities, with Mumbai at Rs 1,710, Kolkata at Rs 1,868.50, and Chennai at Rs 1,929 per 19-kg cylinder.
These variations are influenced by the incidence of local taxation, contributing to the disparity in pricing among states.
It's important to highlight that the freeze in petrol and diesel prices continues for a record 21st month, with petrol costing Rs 96.72 per litre and diesel priced at Rs 89.62 per litre in the national capital.
Oil firms traditionally adjust cooking gas and ATF prices on the 1st of each month, based on the average international prices in the preceding month.
Published December 22nd, 2023 at 15:46 IST