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Commercial LPG prices: Relief for commercial gas users as LPG prices slashed by around Rs 40 in a off-cycle move


In what could be a relief for commercial cooking gas users like hotels and restaurants, the Oil Marketing Companies (OMCs) cut prices of 19 kg LPG cylinders by Rs 39.50 across the four metros on Friday.

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) usually revise prices of cooking gas and aviation turbine fuel (ATF) on the 1st of every month, based on the average international price in the previous month.

The price of 19 kg IndaneGas in Delhi has been slashed from Rs 1,796.50 to Rs 1,757.00 while in Kolkata, the prices have been cut to Rs 1,868.50 from Rs 1,908.00.

The previous prices were effective December 1, 2023 while the revised prices will be applicable from December 22.

In Mumbai, prices of commercial LPG cylinders have been revised to Rs 1,710 from Rs 1,749 while in Chennai, the price has been cut from Rs 1,968.50 to Rs 1,929 previously.

The government at the beginning of December had hiked prices of commercial LPG by Rs 21, in-line with international benchmarks.According to data released by the Central government, price of petrol in India declined by 11.82 per cent and that of diesel fell by 8.94 per cent between November 2021 and November 2023.“Facing the challenge of soaring crude oil prices, the Modi government has taken proactive measures to shield citizens from the economic impact. Through strategic planning and policy initiatives, the government has aimed to stabilize fuel prices, ensuring minimal impact on consumers,” the official statement said.

“The government actively protects common citizens from global oil price fluctuations. Through proactive measures, it prioritizes stability amidst volatility, ensuring minimal impact on the public. This commitment reflects a dedication to safeguarding citizens’ economic well-being against external market challenges,” the statement added.


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