LPG Price Cut: Indian OMCs Reduce Commercial Cylinder Prices In Major Cities

Earlier, state-owned oil marketing companies implemented price hikes for jet fuel and commercial LPG cylinders in the monthly revision effective December 1

In addition to LPG, the price of aviation turbine fuel (ATF) was also cut by 1.54 per cent

Source : PTI

LPG Price Cut: Oil marketing companies in India have reduced the prices of commercial 19-kg LPG cylinders in several metro cities as we enter the year 2025. The price has been cut by Rs 14.5 in the national capital, bringing it down to Rs 1,804, effective January 1, 2025. This price reduction comes after five consecutive months of increases in the cost of commercial LPG.

In Mumbai, the price of the commercial 19-kg LPG cylinder was reduced to Rs 1,756 from Rs 1,771. However, the price of the 14.2-kg commercial LPG cylinder remained unchanged in the area.

In addition to LPG, the price of aviation turbine fuel (ATF) was also cut by 1.54 per cent. ATF prices dropped by Rs 1,401.37 per kilolitre, bringing the new cost to Rs 90,455.47 per kilolitre in the national capital, which is home to one of the busiest airports in the country, according to state-owned fuel retailers.

The new prices for the 19-kg LPG cylinders are as follows: Delhi - Rs 1,804, Mumbai - Rs 1,756, Chennai - Rs 1,966, and Kolkata - Rs 1,911.

Earlier, state-owned oil marketing companies implemented price hikes for jet fuel and commercial LPG cylinders in the monthly revision effective December 1. These adjustments were driven by fluctuations in global oil prices and exchange rates. The recent price cut follows five consecutive months of hikes, during which the cumulative increase amounted to Rs 172.50 since August.

The regular adjustments in LPG cylinder prices at the beginning of each month highlight the ever-changing nature of the market. Factors such as international oil prices, taxation policies, and supply-demand dynamics significantly influence these pricing decisions.

While the specific reasons for the recent price reduction have not been revealed, it is clear that oil marketing companies are adapting to broader economic conditions and market trends.