Wednesday, July 17, 2024

Commercial LPG Cylinder Price Slashed By Rs 30 With Immediate Effect | Pragativadi | Odisha News, Breaking News Odisha, Latest Odisha News – N.F Times

New Delhi: The Oil Marketing Companies on Monday announced a reduction of Rs 30 in the prices of 19-kilogram commercial LPG cylinders across the country, including metro cities such as New Delhi, Mumbai, Kolkata, and Chennai.

The revised rates have come into effect immediately.

The revised price of a commercial cylinder in New Delhi is Rs 1,646, down from Rs 1,676 in the national capital.

In Mumbai, the price has been reduced to Rs 1,598 from Rs 1,629.

A commercial LPG cylinder will cost Rs 1,809 in Chennai and Rs 1,756 in Kolkata, down from Rs 1,840 and Rs 1,787, respectively.

The frequent adjustments in LPG cylinder prices at the start of each month reflect the dynamic nature of the market. Various factors such as international oil prices, taxation policies, and supply-demand dynamics play a significant role in these pricing decisions.

Although the exact reasons behind the recent price decrease have not been disclosed, it is evident that the oil marketing companies are responsive to the broader economic conditions and markets.

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