Commercial LPG Cylinder Prices Slashed By Rs 183—Your Eating Out Could Get Cheaper

In a major relief, the price of a 19-kg commercial LPG cylinder was slashed by Rs 183.50 on Thursday. The revised rates come into effect from July 1. Following the latest revision, the price of the commercial cylinder in Delhi has come down to Rs 2,930 from the earlier Rs 3,113.50. In addition to the cut in commercial LPG rates, oil marketing companies have also lowered the price of the 5-kg Free Trade LPG (FTL) cylinder by Rs 13. Following the revision, the retail price of a 5-kg FTL cylinder in Delhi now stands at Rs 808.50, sources said.There has been no change in rates of prices of domestic LPG cylinders.The development comes after the government removed all sectoral restrictions on the supply of Non-Domestic Packed LPG and restored supplies

to the levels prevailing prior to the West Asia crisis last month, in a major relief to industrial and commercial LPG consumers.

LPG cylinder prices saw a meteoric rise amid Iran war

The latest reduction in commercial LPG prices comes after a series of price changes in recent months. Earlier, in June, domestic LPG prices were increased by Rs 29 per cylinder while the price of a 14.2-kg domestic LPG cylinder in Delhi rose to Rs 942 from Rs 913. Oil companies had also raised LPG prices by Rs 60 per cylinder on March 7, following disruptions in global energy markets linked to the conflict in West Asia.Before the recent Iran conflict, the price of a 19-kg commercial LPG cylinder in India was approximately Rs 1,814. Tensions in West Asia later caused supply concerns, driving prices to surge past Rs 3,100. In June the Ministry of Petroleum said that the supply of bulk LPG, which had been suspended at the onset of the crisis, has been relaxed by 50 per cent of the pre-crisis consumption levels, providing significant relief to commercial and industrial consumers. The restoration followed the recent improvement in the LPG supply situation, the ministry said.During the West-Asia crisis, to augment domestic LPG production, the government had issued orders under the Essential Commodities Act requiring C3-C4 streams to be utilised exclusively for LPG production, diverting them from petrochemical and other downstream uses.(With agency inputs)