New Delhi, Nov 1 State-run oil marketing companies have reduced commercial LPG cylinder prices across metros, offering a slight relief to businesses, starting from Saturday.
The move will provide marginal relief to thousands of small and medium-sized businesses.
According to the latest revision announced by state-run oil marketing companies (OMCs), the 19-kg commercial LPG cylinder will now cost Rs 1,590.50 in Delhi, reflecting a Rs 5 cut from the previous rate of Rs 1,595.50.
With the highest drop of Rs 6.50 per cylinder among the metros, the charge in Kolkata will now be Rs 1,694 per cylinder. Chennai will now charge Rs 1,750 (down Rs 4.50), while Mumbai now charges Rs 1,542 (down Rs 5).
For businesses that depend significantly on LPG for their everyday operations, like restaurants, hotels, and catering services, the most recent revision provides a small reprieve following a hike of Rs 15.50 that was put into effect late in September.
However, domestic LPG prices have not changed and are the same in every city.
Earlier in September, OMCs had reduced the price of commercial LPG gas cylinders by Rs 51.50. Following the revision, a 19-kg commercial LPG cylinder in Delhi was available at Rs 1,580.
Earlier, OMCs had reduced the price of a 19 kg commercial LPG gas cylinder by Rs 33.50. Before that, prices had been reduced by Rs 58.50 on July 1.
Earlier in June, oil firms had announced a Rs 24 cut for commercial cylinders, setting the rate at Rs 1,723.50. In April, the price stood at Rs 1,762. February saw a small Rs 7 reduction, but March reversed this slightly with a Rs 6 increase.
Meanwhile, the Centre had announced to provide 2.5 million free LPG connections under the Pradhan Mantri Ujjwala Yojana (PMUY) during the festival season.
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