Relief for businesses: Commercial LPG cylinder prices reduced by ₹7
What's the story
Oil marketing companies in India have reduced the price of 19kg commercial LPG cylinders by ₹7.
The decision comes as part of their monthly rate revision practice and in light of recent changes in global market conditions.
The revised price will come into effect immediately, making a 19kg commercial LPG cylinder available at ₹1,797 in Delhi.
Commercial impact
New prices applicable only to commercial LPG cylinders
The new prices will only be applicable to 19kg commercial LPG gas cylinders, which are mainly used in hotels, restaurants, and other businesses.
However, there has been no change in the price of the 14kg domestic LPG cylinder used for cooking at home.
This price revision is likely to directly impact businesses that use these cylinders for their daily operations.
Potential benefits
Price reduction could benefit businesses and consumers
The price cut could also work in favor of businesses by reducing their cost of operations.
Some may even pass on the benefits of reduced LPG cylinder rates to their customers.
This comes after a major hike in December last year when oil companies hiked the rate of a 19kg commercial LPG cylinder by ₹62, an increase that probably impacted businesses.
Price variation
LPG prices vary across states due to local factors
LPG prices vary from state to state depending on local taxes and transportation cost.
Despite the marginal change, businesses across the country stand to benefit from these reduced rates.
This price revision comes as Finance Minister Nirmala Sitharaman presents the Union Budget 2025 in Parliament today, marking her eighth consecutive budget presentation.