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

According to recent reports, oil marketing companies in India have announced a reduction in the prices of both 19 kg commercial LPG (Liquefied Petroleum Gas) cylinders and 5 kg FTL (Free Trade) LPG cylinders. The price reduction is significant for consumers in Delhi, where a 19-kg commercial cylinder will now cost Rs. 1761.00, a decrease of Rs. 30.50 from the previous price of Rs. 1791.50. This new price is effective from April 1, 2023.

Similarly, the price of a 5kg FTL LPG cylinder has also been revised downwards but the exact amount of reduction is not mentioned in the given report. It is important to note that these price adjustments may vary in different parts of the country due to factors such as taxes, transportation costs, and other local market conditions.

LPG is an essential commodity for many households in India, particularly for cooking purposes. The reduction in LPG prices is expected to provide some relief to consumers who have been dealing with rising inflation and cost of living expenses. The oil marketing companies in India include Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited, and Bharat Petroleum Corporation Limited.

It is also worth mentioning that international oil prices have been volatile in recent months due to geopolitical tensions and supply disruptions, which can impact domestic LPG prices in India. However, the Indian government has been taking steps to ensure a steady supply of LPG to consumers and to keep prices as stable as possible.

In conclusion, the reduction in the prices of 19 kg commercial and 5 kg FTL LPG cylinders by oil marketing companies in India is a welcome development for consumers in Delhi, particularly those who rely on LPG for their daily cooking needs. The exact amount of reduction for the 5kg cylinder is not mentioned in the report but consumers are advised to check with their local oil marketing company for the most accurate and up-to-date information on prices in their area.