In a potential move to provide relief to consumers, the central government is contemplating a reduction in the price of gas cylinders starting from August 30. According to sources, gas cylinder prices could be slashed up to Rs 200 per cylinder.
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Earlier this month, Oil Marketing Companies (OMCs) made a price revision for commercial LPG (Liquefied Petroleum Gas) while keeping domestic cooking gas rates unchanged. This adjustment included a significant decrease of Rs 99.75 in the price of 19 kg commercial LPG gas cylinders, implemented from August 1. As a result, the retail selling price of a 19 kg commercial LPG cylinder in Delhi currently stands at Rs 1,680.
For domestic use, the pricing of 14.2 kg LPG cooking gas cylinders has remained unchanged since March 1 of the current year. In July, oil companies increased the price of domestic LPG cylinders by Rs 50, following two hikes in May. The prices for non-subsidised domestic LPG cylinders stand at Rs 1,103, Rs 1,129, Rs 1,102.50, and Rs 1,118.50 in Delhi, Kolkata, Mumbai, and Chennai respectively.
If implemented, this move will precede significant state assembly elections, as well as the Lok Sabha election. Upcoming polls are scheduled in five states—Rajasthan, Chhattisgarh, Madhya Pradesh, Telangana, and Mizoram—later this year.
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Monthly price revisions for both commercial and domestic LPG cylinders take place on the first day of each month. Generally, state-run OMCs routinely adjust LPG prices on the first of every month and the prices vary among states due to local taxes and regulations.