In a move set to impact the hospitality and commercial sectors, oil marketing companies have reduced the price of 19 kg commercial LPG cylinders by ₹7, effective immediately. 

The revision comes just ahead of the Union Budget presentation, scheduled for 11 am in Parliament.

Following this reduction, the cost of a 19 kg commercial LPG cylinder in Delhi has dropped from ₹1,809 to ₹1,797. However, there has been no revision in the price of 14 kg domestic LPG cylinders.

In other major cities, the previous rates stood at ₹1,756 in Mumbai, ₹1,911 in Kolkata and ₹1,966 in Chennai.

Commercial LPG cylinders are widely used in businesses such as hotels and restaurants, making the price cut significant for the hospitality sector. The revised rates are part of a broader pattern of fuel price adjustments influenced by fluctuating global market conditions.

Oil companies frequently alter LPG prices based on changes in crude oil rates and other economic factors.

Last December, oil companies had hiked the price of a 19 kg commercial LPG cylinder by ₹62, reflecting global trends in fuel pricing. LPG prices vary across states due to differences in local taxes and transportation costs.

This latest revision follows a similar price cut on January 1, when commercial LPG cylinder prices were reduced by ₹14.5 after five consecutive hikes.

At that time, the price in Delhi stood at ₹1,804 per cylinder. Meanwhile, Aviation Turbine Fuel (ATF) prices also saw a 1.5% reduction, bringing the cost down by ₹1,401.37 per kilolitre to ₹90,455.47 per kilolitre in Delhi.

With fuel prices continuing to be subject to global market fluctuations, further adjustments in LPG and other fuel rates remain a possibility in the coming months.

(This story was taken from a syndicated feed and was only edited for style by Gujarat Samachar Digital team)