Oil Companies Hike Commercial LPG Cylinder Price in Delhi by Rs 39

Oil marketing companies have increased the price of 19 kg commercial LPG cylinders by Rs 39, making the new retail price Rs 1,691.50 in Delhi. Earlier, prices had been reduced in June and July. These adjustments highlight the dynamic nature of the market, influenced by various economic factors.

Oil marketing companies have raised the rate of 19 kg commercial LPG gas cylinders by Rs 39, effective from Sunday. This hike takes the retail sales price of a 19 kg commercial LPG cylinder in Delhi to Rs 1,691.50.

On July 1, to provide relief to businesses and commercial enterprises, oil marketing companies announced a reduction in the prices of commercial LPG gas cylinders. The price of a 19 kg commercial LPG cylinder was cut by Rs 30, resulting in a new retail price of Rs 1,646 in Delhi.

Earlier, on June 1, the rate of 19 kg commercial LPG cylinders was reduced by Rs 69.50 in Delhi, bringing the retail sales price down to Rs 1,676. Before that, on May 1, 2024, there was a reduction of Rs 19 per cylinder.

These frequent adjustments in LPG cylinder prices at the start of each month underscore the dynamic nature of the market. Factors such as international oil prices, taxation policies, and supply-demand dynamics play a significant role in these pricing decisions.

Although the precise reasons behind the recent price changes have not been disclosed, it is clear that oil marketing companies are responding to broader economic conditions and market trends. (ANI)

(With inputs from agencies.)