NEW DELHI: Oil marketing companies on Saturday reduced the prices of commercial LPG gas cylinders, with the rate for a 19 kg cylinder being slashed by Rs 7, effective from today.
In Delhi, the new retail price is Rs 1,797 down from Rs 1,804.
The previous prices in other cities were Rs 1911 in Kolkata, Rs 1,756 in Mumbai, and Rs 1,966 in Chennai, as per the IOCL website.
This follows a previous reduction in the price of commercial LPGs on January 1. The price of aviation turbine fuel (ATF) was reduced by 1.5%, or Rs 1,401.37 per kilolitre, bringing it down to Rs 90,455.47 per kl in Delhi. This follow reduction was preceeded by two months of price increases.
Commercial LPG prices, used in hotels and restaurants, were also reduced by Rs 14.5, now costing Rs 1,804 per 19-kg cylinder in Delhi. The price cut is the first after five consecutive hikes, with rates previously reaching Rs 1,966 in Chennai, Rs 1,911 in Kolkata, and Rs 1,756 in Mumbai.