Commercial LPG cylinder prices slashed by Rs 36, domestic unchanged

The price of commercial liquid petroleum gas (LPG) cylinders weighing 19 kilos will now cost less starting on Monday as the cost of per unit has been slashed by Rs 36. Prices of domestic cylinders will, however, remain steady.

From today, the price of a 19 kg commercial cylinder will now be Rs 1976, while in Kolkata it will be priced at Rs 2095.50, Rs 1936.50 in Mumbai and Rs 2141 in Chennai. However, as mentioned earlier, the price of a 14.2-kg domestic cooking cylinder has remained unchanged.

According to the new rate released by Indian Oil today i.e. on August 1, the price of LPG cylinder has been cut by Rs 36. This is the second reduction in rates in a month’s time. On 6 July, the price was cut by Rs 8.50 per 19-kg bottle. Rates differ from state to state depending on the incidence of local taxes such as VAT. Prices are higher in states with higher taxes.

In July, the price of a 19-kg LPG cylinder in Delhi has been slashed by Rs 198. Earlier, the price was slashed by Rs 135 with effect from June 1. However, the price of a 14.2-kg domestic cooking cylinder has remained unchanged. Consumers of domestic LPG cylinders, on the other hand, were hit by a hike in July. The prices of domestic cooking cylinders were hiked on July 6. As per state-owned oil marketing companies, Liquefied Petroleum Gas cylinders used in a domestic household went through a price hike of Rs 50. After the latest hike, domestic LPG cylinders cost Rs 1,053 in Delhi, up by Rs 50, from the earlier Rs 1,003 per cylinder. Earlier, in May, the price of domestic cylinders was hiked by Rs 50 per liter for the first time on May 7. On May 19, the price of domestic LPG cylinders had gone up.

Meanwhile, oil prices dropped early on Monday as investors braced for this week’s meeting of officials from OPEC and other top producers on supply adjustments.

In the national capital Delhi, it currently sells at Rs 1053 per unit.

Besides, in Kolkata, Mumbai, and Chennai it sells at Rs 1,079, Rs 1,052.5, and Rs 1,068.5,1,068.5, respectively.

Rates differ from state to state depending on the local VAT.

With Thanks Reference to: Time of India (https://timesofindia.indiatimes.com/business/india-business/price-of-commercial-lpg-cylinder-cut-by-rs-36/articleshow/93262638.cms),News18(https://www.news18.com/news/business/lpg-19-kg-commercial-cylinder-price-cut-today-know-rates-in-your-city-5662825.html)