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Oil companies reduce price of 19 kg commercial and 5 kg FTL cylinders

The price of the 5kg FTL cylinder has been decreased by Rs 7.50
10:54 AM Apr 01, 2024 IST | ANI
oil companies reduce price of 19 kg commercial and 5 kg ftl cylinders
Oil companies reduce price of 19 kg commercial and 5 kg FTL cylinders --- Representational Photo
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New Delhi, April 01: Oil marketing companies reduced the prices of 19 kg commercial cylinders and 5 kg FTL (Free Trade LPG) cylinders, said sources.

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The price has been reduced by Rs 30.50 for a 19-kg commercial cylinder. From April 1, the price in Delhi has been fixed at 1764.50, said sources.

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The price of the 5kg FTL cylinder has been decreased by Rs 7.50.

On March 1, oil marketing companies announced a hike in the prices of commercial liquefied petroleum gas (LPG) gas cylinders. This revision in prices came during the fluctuations in fuel costs and market dynamics.

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On February 1, the prices of Indane gas cylinders varied across metro cities, with Delhi, Kolkata, Mumbai, and Chennai each having distinct rates.

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However, with the advent of March 1, consumers witnessed a notable increase in the prices of Indane LPG gas cylinders across all metro cities.

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While the precise reasons behind the price decrease remain undisclosed, various factors, such as changes in international oil prices, shifts in taxation policies, and supply-demand dynamics, likely contribute to such adjustments.

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The consecutive revisions emphasise the volatile nature of the energy market and its implications for households and businesses reliant on commercial LPG cylinders.

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