Oil marketing companies reduce prices of commercial LPG cylinders by Rs 69.50

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This newest discount comes on the heels of a earlier worth adjustment on May 1, 2024, when the speed of 19 kg commercial LPG cylinders was lowered by Rs 19.

In a transfer aimed toward providing reduction to companies and commercial enterprises, oil marketing companies have introduced a discount within the prices of commercial LPG gasoline cylinders. Effective immediately, the speed of 19 kg commercial LPG cylinders has been slashed by Rs 69.50 in Delhi, with the retail gross sales worth now standing at Rs 1676.

This newest discount comes on the heels of a earlier worth adjustment on May 1, 2024, when the speed of 19 kg commercial LPG cylinders was lowered by Rs 19. The consecutive decreases in worth sign a constructive pattern for companies grappling with working prices amid financial challenges.

With the start of a brand new month, the prices of LPG cylinders change. The authorities is working varied schemes to advertise the use of LPG cylinders for cooking in properties, like Pradhan Mantri Ujjwala Yojana, which supplies subsidies to eligible households.

A month in the past, on May 1, oil marketing companies slashed the prices of commercial LPG gasoline cylinders by Rs 19 per unit with rapid impact.

The retail gross sales worth of a 19 kg commercial LPG cylinder was then Rs 1745.50 in Delhi, sources stated. The Opposition, led by the Congress, has typically taken potshots on the BJP-led ruling National Democratic Alliance (NDA) on the Centre for failing to rein in gasoline prices and its ripple impact on the prices of important meals objects and different commodities.

While the exact causes behind the value lower stay undisclosed, varied components, resembling adjustments in worldwide oil prices, shifts in taxation insurance policies, and supply-demand dynamics, doubtless contribute to such changes.

Revisions for each commercial and home LPG (liquefied petroleum gasoline) cylinders usually happen on the primary day of every month. 

(This story has not been edited by DNA employees and is printed from ANI)


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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