Commercial LPG Cylinders See Price Cut By Rs 83.50, To Be Sold At Rs 1773 In Delhi

The price of 19kg non-domestic cylinder is reduced by Rs 83.50 from today. Delhi retail sale price of 19kg Non-Domestic cylinder price is Rs 1773.

State-run oil marketing companies have revised the prices of commercial LPG. Monthly revisions for both commercial and domestic LPG cylinders occur on the first day of each month. The price of 19kg non-domestic cylinder is reduced by Rs 83.50 from today. Delhi retail sale price of 19kg Non-Domestic cylinder price is Rs 1773. However, no changes have been made in the price of Domestic cylinder. Last month, price of commercial LPG, one which is used by business establishments like hotels and restaurants was cut by a steep Rs 171.5 per cylinder and rates of jet fuel (ATF) were reduced by by 2.45 per cent on softening international oil prices.

The price of a 19-kg commercial LPG was Rs 1,856.5 in the national capital, down from Rs 2,028, according to price notification from state-owned fuel retailers.

Domestic cooking gas LPG prices remained unchanged at Rs 1,103 per 14.2-kg cylinder in the national capital. Domestic LPG rates were last changed on March 1, when they were hiked by Rs 50 per cylinder.

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) revised cooking gas prices on the 1st of every month based on average international prices in the previous month. Separately, ATF price was cut by 2.45 per cent in line with international trends.

Accordingly, jet fuel rates were reduced by Rs 2,414.25 per kilolitre to Rs 95,935.34 per kl in Delhi.

This is the third straight monthly reduction in rates. Prices were cut by 4 per cent (Rs 4,606.50 per kl) on March 1 and by 8.7 per cent (Rs 9,400.68 per kl) on April 1. ATF price is revised on the 1st of every month based on the average rate of international benchmark and foreign exchange rates.

International oil prices have erased all gains made since OPEC+ producers announced a surprise production cut earlier last month, as recession concerns continued to weigh on the fuel demand outlook.

Brent, the benchmark for two thirds of the world’s oil, was trading at USD 79.62 a barrel on Monday, down from USD 88 it had hit after OPEC+ producers announced voluntary crude output cuts of 1.16 million barrels per day on April 2. In May, petrol and diesel prices, however, continued to remain on freeze for a record 13th month in a row. Petrol costs Rs 96.72 per litre in the national capital and diesel comes for Rs 89.62.