LPG Prices: Govt Slashes Commercial Rates, 19 Kg Cylinder To Cost Rs 1,757 In New Delhi

With the revised prices, the 19-kg commercial LPG cylinder will now Rs 1,710 per cylinder in Mumbai, Rs 1,868.50 per cylinder in Kolkata, and Rs 1,929 per cylinder in Chennai.

This reduction has come after the Saudi contract price (CP), the benchmark followed for pricing LPG, softened in recent weeks due to oversupply concerns. 

Source : Getty

Government-owned fuel retailers slashed the prices of commercial cooking gas (LPG) on Friday, keeping in line with the easing international benchmarks. The Oil Marketing Companies (OMC) reduced the price of commercial 19 kg LPG cylinders by Rs 39.50 per cylinder.

At the same time, the price of domestic LPG was kept unchanged at Rs 903 per 14.2-kg cylinder, reported PTI. Domestic LPG is used in household kitchens for cooking purposes. Issuing a price notification, the oil companies said, “Commercial LPG will now cost Rs 1,757 per 19-kg cylinder in the national capital as against Rs 1,796.50.” Notably, commercial LPG cylinders are used in various establishments such as hotels and restaurants.

The price of the cylinders varies from state to state on the basis of local taxes. With the revised prices, the 19-kg commercial LPG cylinder will now Rs 1,710 per cylinder in Mumbai, Rs 1,868.50 per cylinder in Kolkata, and Rs 1,929 per cylinder in Chennai. The cooking gas is generally sold in different pack sizes, based on the usage. The 5 kg and 14.2 kg cylinders are sold for domestic use, while the 19 kg, 47.5 kg and 425 kg jumbo cylinders are meant for industrial and commercial usage. 

This reduction has come after the Saudi contract price (CP), the benchmark followed for pricing LPG, softened in recent weeks due to oversupply concerns. 

Earlier this month, on December 1, the oil firms had increased the prices of commercial LPG by Rs 21 per cylinder throughout the country. The state-owned oil companies, namely the Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) update cooking gas and ATF prices on the first day of every month, based on the average international prices prevailing in the previous month. 

This update in the prices on Friday comes as an exception. However, petrol and diesel prices continue to be on hold for a record 21st consecutive month.