Voting in the final phase of the ongoing Parliamentary Elections is currently happening, with results due on June 4th. However, a major reprieve on the inflation front has been granted before the results are declared. As of June 1, 2024, LPG cylinder prices in India have been reduced. Oil marketing companies have once again slashed the prices for the 19 kg commercial gas cylinders. According to the IOCL website, the LPG Cylinder Prices have been revised downward. Let’s examine the new rates from Delhi to Mumbai...
The new prices for the LPG Cylinder effective June 1, 2024, have been implemented. However, oil marketing companies have also this time cut the prices of the 19 kg LPG cylinders. Prior to the start of the last phase of Parliamentary Elections voting at six in the morning, LPG consumers received a big gift. Following the latest adjustments by oil marketing companies, the price of a 19-kg commercial gas cylinder in Delhi is reduced by 69.50 INR, in Kolkata by 72 INR, in Mumbai by 69.50 INR, and in Chennai by 70.50 INR.
Prices Decreased for the Third Consecutive Month
This marks the third consecutive month when commercial gas cylinder prices have been decreased. Previously in April and May, starting at the beginning of these months, good news arrived, and oil marketing companies consecutively reduced the LPG cylinder prices by up to 20 INR in the second month.
Source: aajtak
IOCL has updated the new cylinder prices on their website, effective from June 1, 2024. Looking at it, commercial gas cylinders in Delhi (Delhi LPG Price) have dropped from 1745.50 INR to 1676 INR. In Kolkata, a 19-kg LPG cylinder previously priced at 1859 INR will now cost 1787 INR. In Mumbai, Commercial LPG Cylinder previously sold for 1698.50 INR has been reduced to 1629 INR. Likewise, in Chennai, a cylinder previously selling for 1911 INR now costs 1840.50 INR.
No Change Yet in Domestic Cylinder Prices
It is worth noting that commercial gas cylinders are used for business purposes in hotels or restaurants, so a decrease in their prices could make eating out more affordable. However, on the other hand, there has been no change in the prices of 14.2 kg domestic LPG cylinders used in home kitchens.
According to IOCL’s website, their prices remain constant. In the capital, Delhi, the price is 803 INR and 603 INR for Ujjwala beneficiaries. In Kolkata, the domestic cylinder price remains at 829 INR, in Mumbai at 802.50 INR, and in Chennai at 818.50 INR. It should be noted that the central government had provided a substantial relief on International Women's Day by cutting the price of the domestic 14 kg LPG cylinder (Domestic LPG Cylinder) by up to 100 INR.
