LPG Price Cut: Prices of 19-kg commercial, 5 kg FTL cylinders cut ahead of Lok Sabha elections; check new rates
commercial cylinders and 5 kg FTL (Free Trade LPG) cylinders, effective from April 1, 2024.
The price of a 19 kg commercial cylinder has been decreased by Rs 30.50, with the new price set at Rs 1764.50 in Delhi starting from April 1. Similarly, the price of the 5 kg FTL cylinder has been lowered by Rs 7.50, reported ANI, citing sources.
This adjustment in prices contrasts with the previous announcement made on March 1, when oil marketing companies had increased the prices of commercial liquefied petroleum gas (LPG) cylinders.
Such fluctuations in pricing are typically influenced by shifts in fuel costs and market dynamics.
On February 1, the prices of Indane gas cylinders varied across metro cities, with Delhi, Kolkata, Mumbai, and Chennai each having distinct rates.
However, with the advent of March 1, consumers witnessed a notable increase in the prices of Indane LPG gas cylinders across all metro cities.
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.
The consecutive revisions emphasise the volatile nature of the energy market and its implications for households and businesses reliant on commercial LPG cylinders.
(With inputs from ANI)
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