OMCs revised Commercial LPG cylinder prices
OMCs have revised the prices of LPG cylinders in India due to various factors, including rising crude oil prices, transportation costs, and taxes.
New Delhi: Oil marketing companies (OMCs) in India on Monday, 1st May, 2023 revised the prices of LPG cylinders, for commercial usage. According to the latest reports, the prices of commercial LPG cylinders have been slashed for the second time in a month, with a reduction of Rs 171.50 in Delhi for a 19 KG cylinder which is now will now at Rs 1856.50 from today.
The previous revision reduced the price by Rs 91.50 per unit, while the price was raised by Rs 350.50 per unit on March 1. The last time commercial cylinder prices were reduced was in September 2020.
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Read Also : Growth in bank credit to NBFCs declines sharply to 6.4%: RBI dataBack in January, the prices for commercial cylinders were increased by Rs 25 Per Unit.
In conclusion, OMCs have revised the prices of LPG cylinders in India due to various factors, including rising crude oil prices, transportation costs, and taxes.
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