In New Delhi, sources have indicated a reduction in the prices of 19 kg commercial cylinders and 5 kg FTL (Free Trade LPG) cylinders by oil marketing companies. The deduction amounts to Rs 30.50 for a 19-kg commercial cylinder.
As of April 1, the price adjustment in Delhi has been set at 1764.50, as per the sources. Furthermore, there has been a decrease of Rs 7.50 in the price of the 5kg FTL cylinder. On March 1, oil marketing companies proclaimed an increase in the prices of commercial liquefied petroleum gas (LPG) cylinders. This alteration in pricing coincided with the fluctuations in fuel costs and market dynamics.
On February 1, the pricing of Indane gas cylinders exhibited variance across metro cities, with distinct rates observed in Delhi, Kolkata, Mumbai, and Chennai respectively. However, the commencement of March 1 witnessed a notable escalation in the pricing of Indane LPG gas cylinders across all metropolitan areas.
While the specific rationales behind the price reduction remain undisclosed, it is presumed that various factors such as alterations in international oil prices, modifications in taxation policies, and shifts in supply-demand dynamics play a role in such adjustments.
The successive modifications underscore the volatile disposition of the energy market and its ramifications for households and businesses dependent on commercial LPG cylinders.
