New Delhi: Effective from November 16, state-run Oil Marketing Companies (OMCs) have introduced good news for companies in 4 main metro cities by decreasing the costs of 19-kilogram business LPG (liquefied petroleum fuel) cylinders. The worth of the identical cylinders was hiked by Rs 101.5 simply earlier than Diwali. And the newest determination comes as a welcome respite.
Effective In Four Metro Cities
The worth adjustment can be relevant in Delhi, Mumbai, Kolkata, and Chennai. The discount quantities to as much as Rs 57.5 per cylinder, providing reduction to companies, significantly within the hospitality sector, which closely depends on LPG for cooking functions.
What Is The Current Price Of 19-Kg Commercial LPG Cylinder?
As per the revised costs, the 19-kg business LPG cylinder will now value Rs 1,775.5 in New Delhi, Rs 1,885.5 in Kolkata, Rs 1,728 in Mumbai, and Rs 1,942 in Chennai.
Is There Any Change In Domestic Cylinder Price?
It’s noteworthy that whereas business LPG costs have seen a lower, the costs for home LPG cylinders stay unchanged.
Earlier this month, OMCs had elevated the costs of business LPG cylinders in varied elements of the nation, marking the second hike previously two months. Both business and home LPG cylinder costs bear month-to-month revisions on the primary day of every month.
Who Decides The LPG Price?
In India, the pricing of LPG (liquefied petroleum fuel) is set by state-run oil advertising and marketing firms (OMCs). These OMCs play a vital function in regulating the costs of LPG cylinders, each for home and business use, throughout the nation.
The main state-run OMCs in India embody Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL).
Source: zeenews.india.com
