On Saturday, the Oil Marketing Companies declared that the cost of the 19-kilogram commercial Liquefied Petroleum Gas (LPG) cylinders in Delhi had been reduced by Rs 69.50. With immediate effect, the updated prices took effect on June 1. However, domestic LPG gas cylinders have not received any relief from the corporation.
According to the report, the retail cost of the 19 kg commercial LPG cylinder in the national capital was Rs 1,676 following the ruling. Oil marketing companies decided to lower prices in order to provide assistance to commercial firms and businesses.
The pricing for 19 kg of commercial LPG cylinders was reduced by Rs 19 on May 1, 2024, following a prior price adjustment. This most recent drop follows that. For companies facing tough economic times and high operational expenses, the price reductions that have come in quick succession indicate a promising direction.
Oil marketing companies reduced the cost of commercial LPG gas cylinders by Rs 19 per unit effective May 1, one month ago. In the national capital at the time, a 19-kilogramme commercial LPG cylinder retailed for Rs 1745.50, according to reports. A 19-kg commercial cylinder was priced at Rs 1764.50 earlier in April, but it was reduced by Rs 30.50. Surprisingly, the changes for domestic and commercial LPG (liquefied petroleum gas) cylinders usually take place on the first of the month.
The cost of LPG cylinders has decreased with the beginning of a new month. The Pradhan Mantri Ujjwala Yojana, which offers subsidies to qualifying families, is one of the several programmes the government is doing to encourage the use of LPG cylinders for cooking in homes.
The National Democratic Alliance (NDA), which is led by the BJP, has frequently been targeted by the opposition, led by the Congress, for its inability to control fuel costs and the ensuing impact on the cost of necessities and other goods. The specific causes of the price reduction are yet unknown, although a number of variables, including variations in the price of oil globally, modifications to tax laws, and changes in supply and demand, probably play a role.
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