NEW DELHI: Oil firms have reduced the price of 19 kg commercial LPG cylinders by Rs 41, effective from Tuesday. The retail price for a 19 kg commercial LPG cylinder in Delhi now stands at Rs 1,762.
Previously, on February 1, commercial LPG cylinder prices saw a reduction of Rs 7.
The oil companies conduct regular LPG price revisions considering global crude oil rates and various market factors. The prices of domestic LPG cylinders used in household cooking remain stable in this update.
Last December witnessed an increase of Rs 62 for 19 kg commercial LPG cylinders. These adjustments affect commercial establishments and small businesses that depend on LPG for their daily functions.
The new revision reflects broader fuel price adjustments responding to shifting global market conditions, particularly noticeable in recent days due to international uncertainties.
The updated prices will affect restaurants, hotels and commercial entities using these cylinders in their operations. Whilst commercial LPG rates have changed and domestic cylinder prices remain unchanged.
The cost of LPG differs across states, influenced by regional taxes and transport expenses. Although modest, the reduction offers some financial relief to businesses throughout the country.