LPG Prices Slashed: Reduction in Rates for 19-kg Commercial and 5-kg FTL Cylinders; Check New Prices
LPG Prices Slashed: Reduction in Rates for 19-kg Commercial and 5-kg FTL Cylinders; Check New Prices ( Representational Image )
Oil marketing companies have announced a reduction in prices for 19-kg commercial cylinders and 5-kg FTL (Free Trade LPG) cylinders, effective from April 1, 2024.
In New Delhi the new price for a 19-kg commercial cylinder is set at ₹1764.50, reflecting a decrease of ₹30.50. Similarly, the price of a 5-kg FTL cylinder has been lowered by ₹7.50.
Details:
What is the difference in gas price reduction in important cities of the country?
– Gas cylinder rates reduced by Rs 30.50 in Chennai.
– The price of a cylinder in Mumbai reduced by Rs 31.50.
– Commercial LPG rates reduced by Rs 30.50 in Delhi.
– Gas cylinder rates reduced by Rs 32 in Kolkata.
The reduction in LPG prices for commercial and FTL cylinders comes after the previous announcement made on March 1, when oil marketing companies increased rates for commercial liquefied petroleum gas (LPG) cylinders. During that update, OMCs raised the prices of 19-kg commercial LPG gas cylinders by ₹25.
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, reflecting changes in fuel costs and market dynamics.
After the March 1 revision, consumers witnessed a notable increase in the prices of Indane LPG gas cylinders across all metro cities, following two consecutive price hikes in February and March this year. However, prices were slashed on the eve of New Year 2024 by ₹39.50 per 19-kg commercial cooking gas cylinder.
The recent reduction in LPG prices for commercial and FTL cylinders provides relief to consumers, particularly in the wake of previous price hikes. As OMCs continue to adjust prices based on market conditions, consumers are advised to stay updated on monthly revisions to plan their expenses accordingly.
