Commercial LPG price reduced by the amount of Rs 91.5/cylinder there is no change in price of domestic gas


State-owned oil companies have however, begun to impose limitations on the 14.2-kg LPG refill a household can purchase.

New Delhi: The cost of commercial LPG in restaurants and hotels on Thursday was cut by the amount of Rs 91.5 per cylinder due to softening international prices. However, oil companies have not made adjustments to the prices of domestic cooking gas, instead restricting the amount of refills that customers can request within two weeks.

The cost of 19 kg commercial LPG cylinder was reduced to Rs 1,885 for a cylindrical cylinder in the capital city of India from 1,976.50 according to an official price announcement issued by state-owned retail stores of fuel.

Read more The ED is Looking at 10 Crypto Exchanges for Laundering INR 1,000 Cr

It is also in keeping with the softening of the international price.

However, the prices of LPG that is used in kitchens of households to cook remained the same at Rs 1,053 for a 14.2-kg cylinder.

The reason for this is that the rates for domestic gas cooking were lower than what they cost and after a decrease in prices in the international market, they’re nearing breakeven, industry sources claimed.

Commercial LPG rates are, however, have been largely in line with the cost of production and have fluctuated in tandem with fluctuation in international rates.

This distinction between commercial LPG that is priced at the market and a cooking gas for the home had resulted in the conversion of kitchen-related cylinders to commercial facilities.

To confirm this, state-owned oil companies have begun imposing limits on the 14.2-kg refill on a household can buy, they stated.

Bharat Petroleum Corporation Limited (BPCL) has a limited refill per 15 days starting August 26, and the other retailer Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) are likely to follow .

At the same time, the costs in aviation turbine gasoline (ATF) were cut by 0.7 percent.

The cost of jet fuel was cut by the amount of 874.13 per kilolitre which is 0.7 percent up to 121,041.44 per Kilolitre in the capital city of India.

Read more Jio Rs. 2,999 offer for independence 2022 “100 Percent Value-Back Offer Benefits The offer was announced


Please enter your comment!
Please enter your name here

Share post:




More like this

ERP Modules: Types and Characteristics

Multiple options might be discovered while examining business management...

Agritech start-up Otipy is appointing Rohit Sood as its chief executive officer

Rohit Sood has been selected to be the chief...

Nykaa Q2: Profits up 333% year-over-year to the sum of Rs 5.2 crore Revenue up 39%

The second quarter in the fiscal year currently in...

Decentro is a fintech company has received $4.7M in the Series A round of capital

Funded by Y Combinator, a banking and payments API...