Oil companies cut price of 19 kg commercial and 5 kg FTL cylinders

Apr1,2024



oil marketing companies has implemented a price cut of 19 kg commercial cylinder and 5 kg FTL (Free Trade LPG) cylinders, an ANI report said on Monday.
According to sources, the 19 kg commercial cylinder has been reduced by Rs 30.50, due to which its new price in Delhi will become Rs 1764.50 from April 1.
Apart from this, the price of 5 kg FTL cylinder has been reduced by Rs 7.50.
On the first day of March, an increase in the price of commercial liquefied petroleum gas (LPG) cylinders was announced by oil marketing companies. This adjustment occurred amid variation fuel prices and market conditions.
As of February 1, the price of Indane gas cylinder saw variation across major cities like Delhi, Kolkata, Mumbai and Chennai, with each having a unique price, the ANI report said.
Entering March, Indane LPG gas cylinder prices increased significantly, impacting all metropolitan areas equally.
The specific factors driving the price declines have not been shared, yet it is possible that a combination of influences, including global oil price movements, changes in tax structures, and the balance of supply and demand, play a role. price change,
These gradual price adjustments highlight the volatile nature of the energy sector and its impact on both individual households and businesses dependent on commercial LPG cylinders.



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