Price Cut: 19 kg commercial cylinder decreased by ₹30.50, 5kg FTL cylinder reduced by ₹7.50

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₹30.50 for 19-kg commercial cylinders. As of April 1, the price in Delhi stands at ₹1,764.50. Additionally, the price of 5 kg FTL cylinders has been reduced by ₹7.50.

Also Read | Cabinet extends ₹300 cooking gas subsidy for another year This price cut comes after two consecutive price hikes in February and March this year. Before this, prices were slashed on the eve of New Year 2024 by ₹39.50 per 19-kg commercial cooking gas cylinder. This adjustment comes after OMCs announced a hike in commercial liquefied petroleum gas (LPG) gas cylinder prices on March 1.

State-run OMCs increased the prices of 19 kg commercial LPG gas cylinders by ₹25 with effect from today March 1. This was the second time in a row that OMCs increased the cost of commercial gas cylinders. Such revisions occur amidst ongoing fluctuations in fuel costs and market dynamics.

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise cooking gas prices on the 1st of every month based on the average international price in the previous month. Also Read | Prime Minister Narendra Modi's Women's Day gift: Govt reduces LPG cylinder prices by ₹100 While the specific reasons behind the recent price decrease were not stated, factors such as changes in international oil prices, shifts in taxation policies, and supply-demand dynamics are likely contributors to these adjustments. Notably, the price cut comes ahead of the 2024 Lok Sabha Elections.