OMCs increases price of 19 kg commercial LPG cylinder by Rs 39

Oil marketing companies have increased the rate of 19 kg commercial LPG gas cylinders by Rs 39, effective from Sunday. After the hike, the retail sales price of a 19 kg commercial LPG cylinder in Delhi is Rs 1,691.50.

Earlier on July 1, in a move to offer relief to businesses and commercial enterprises, oil marketing companies had announced a reduction in the prices of commercial LPG cylinders.

The price of the commercial LPG cylinder of 19 Kg was slashed by Rs 30.

Consequently, the new retail sales price of a 19 kg commercial LPG gas cylinder in Delhi was Rs 1646.

Read Also : Energy Transition enabled by Transmission

On June 1st, the rate of 19 kg commercial LPG cylinders was reduced by Rs 69.50 in Delhi, bringing the retail sales price down to Rs 1676. Before that, on May 1, 2024, there was a reduction of Rs 19 per cylinder.

These fluctuating 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.

Read Also : SBI celebrates raising of Rs 50,000 crore domestic bonds during FY25