Oil Companies Reduce Price Of 19 Kg Commercial And 5 Kg FTL Cylinders
Oil marketing companies reduced the prices of 19 kg commercial cylinders and 5 kg FTL (Free Trade LPG) cylinders. The price has been reduced by Rs 30.50 for a 19-kg commercial cylinder. The price in Delhi has been fixed at 1764.50 effective from 1, April.
The price of a 5kg FTL cylinder has been decreased by Rs 7.50. On March 1, oil marketing companies announced an increase in the prices of commercial LPG gas cylinders due to fluctuations in fuel costs and market dynamics.
Before this, on February 1, the prices of Indane gas cylinders varied across metro cities, with Delhi, Kolkata, Mumbai, and Chennai each having distinct rates. However, from March 1, consumers across all metro cities experienced a significant rise in the prices of Indane LPG gas cylinders.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYThe actual causes of the price decrease are not disclosed, yet it is likely due to several factors, including changes in international oil prices, shifts in taxation policies, and supply-demand dynamics. These consecutive adjustments highlight the unstable nature of the energy market and the consequences it has on households and businesses that rely on commercial LPG cylinders.
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