Commercial LPG Prices See Significant Reduction in Delhi

NEW DELHI: In a move that brings relief to many businesses, oil companies have announced a reduction in the price of 19 kg commercial LPG cylinders by Rs 41, effective from Tuesday. The new retail price in Delhi is now Rs 1,762.

Previous Adjustments and Market Factors

This follows a previous reduction of Rs 7 on February 1. Oil companies regularly revise LPG prices based on global crude oil rates and other market factors. It's noteworthy that the prices of domestic LPG cylinders remain unchanged in this update.

Impact on Commercial Establishments

The adjustment is particularly significant for restaurants, hotels, and other commercial entities that rely on LPG for their daily operations. The price of LPG varies across states due to regional taxes and transportation costs, but this reduction offers some financial relief to businesses nationwide.

Global Influences on Fuel Prices

The revision reflects broader adjustments in fuel prices in response to fluctuating global market conditions, influenced by recent international uncertainties.