LPG Cylinder: The recent announcement by the government has come as a prelude to the New Year, providing a significant gift in the form of reduced prices for 19kg commercial LPG cylinders. This reduction amounts to a price slash of 39 Indian Rupees, affecting the commercial cylinder rates across major cities like Delhi, Mumbai, Kolkata, and Chennai. However, it’s essential to note that this price revision applies solely to commercial cylinders, leaving the rates for domestic LPG cylinders unchanged.
Impact of Price Reduction on 19kg LPG Cylinders
With the substantial drop of 39 Rupees in the pricing of the 19kg LPG cylinder, it is set to offer considerable relief to consumers. Post this revision, the commercial cylinders will be available at prices like 1757.50 Rupees in Delhi, 1869 Rupees in Kolkata, 1710 Rupees in Mumbai, and 1929.50 Rupees in Chennai. The decision to implement these discounts was made in anticipation of the Christmas and New Year celebrations, a move by oil marketing companies to benefit consumers during the festive season.
Fluctuations in Commercial LPG Cylinder Rates
Prior to this recent adjustment, there was a price change for the 19kg LPG cylinders on December 1st, where the rates had been increased by 21 Rupees. Preceding this, on November 16th, there had been a significant reduction of 57 Rupees in the prices of commercial LPG cylinders. Over the past few months, a trend of monthly revisions in commercial LPG cylinder rates has been observed, indicating the volatile nature of these prices with frequent revisions.
Stability in Domestic Cylinder Rates
In contrast, domestic LPG cylinder rates have remained steady since August, with no alterations post that period. The last adjustment for domestic LPG cylinder rates occurred on August 30, 2023, where a reduction of 200 Rupees had been implemented. According to the Indian Oil website, the current rates for domestic LPG cylinders stand at 903 Rupees in Delhi, 929 Rupees in Kolkata, and 902.50 Rupees in Mumbai.
This recent move by the government to reduce commercial LPG cylinder prices aims to alleviate the financial burden on consumers, particularly during the festive season and the beginning of a new year. The disparities between commercial and domestic cylinder rates highlight the government’s focus on stabilizing prices for essential commodities, ensuring affordability and accessibility for all sections of society.
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