New Delhi: Oil marketing companies Monday cut the prices of commercial LPG gas cylinders by Rs 171.50. The retail sale price of 19 kg commercial LPG cylinder in Delhi has been decreased to Rs 1856.50 from Monday. There has been no change in domestic cylinder prices, sources said.
This follows the recent reduction in the cost of Commercial LPG cylinders last month. In April Oil marketing companies slashed prices of commercial LPG gas cylinders by Rs 91.50 per unit after a period of surge in oil prices.
From April 1, domestic cylinders was priced at Rs 2,028 in the national capital whereas it was priced at Rs. 2,119.5 in March. The Oil Marketing Companies (OMCs) on March 1, had hiked the prices of the domestic cylinders by Rs 50 and commercial cylinders by Rs 350 which landed the price of a 14.2 kg domestic cylinder at Rs. 1,103 in Delhi, Rs. 1,129 in Kolkata, Rs. 1,112.5 in Mumbai and Rs 1,113 in Chennai.
The opposition Congress had earlier promised to provide LPG cylinders at Rs 500 if the party was voted to power in 2024 saying the party had a "pro-poor focus" while the Centre had other priorities. "We take a vow that if we come to power in 2024, the Congress government will not allow the price of an LPG cylinder to be over Rs 500. Any price above Rs 500 is harmful for inflation and GDP growth,” Congress spokesperson Prof Gourav Vallabh had said.
Earlier, on January 1, commercial cylinder prices were increased by Rs 25 per unit and the prices of the commercial cylinders were brought down the last time on September 1 last year by Rs 91.50.In 2022, the price of the domestic cylinder was raised by cumulatively Rs. 153.5 in four installments. The last time the domestic cylinder price was raised was on July 6, 2022. The first increase came on March 22, 2022, and the raise was by Rs 50. It was again increased by Rs 50 on May 7, 2022, and again by Rs 3.5 on May 19, 2022, twice in a month. (With Agency inputs)
