Commercial LPG cylinder prices reduced
State-run Oil Marketing Companies (OMCs) have announced a reduction in the prices of 19-kilogram commercial LPG (liquefied petroleum gas) cylinders in four metro cities. Effective from November 16, the prices have been slashed by up to Rs 57.5 per cylinder.
The price adjustment — which will be reflected in Delhi, Mumbai, Kolkata and Chennai — comes as a respite following a substantial hike of Rs 101.5 per cylinder just before Diwali.
As per the revised prices, the 19-kg commercial LPG cylinder will cost Rs 1,775.5 in New Delhi, Rs 1,885.5 in Kolkata, Rs 1,728 in Mumbai and Rs 1,942 in Chennai.
While commercial LPG prices have seen a decrease, the prices for domestic LPG cylinders remain unchanged.
At the beginning of this month, the ONCs had raised the prices of commercial LPG cylinders at several places across the country, for the second time in the past two months. The prices of both commercial and domestic LPG cylinders undergo monthly revisions on the first day of each month.
The price reduction in commercial LPG cylinders is expected to ease the burden on businesses such as hotels and restaurants that rely heavily on LPG for cooking purposes.