The oil marketing companies on Tuesday announced a hike in the prices of commercial LPG gas cylinders, effective from today (October 1st), according to the sources.
The price of the commercial LPG cylinder of 19 Kg has been slashed by Rs 30. Consequently, the new retail sales price of a 19 Kg commercial LPG cylinder in Delhi is now Rs 1646.
Effective today, the rate of 19 kg commercial LPG cylinders has been slashed by Rs 69.50 in Delhi, with the retail sales price now standing at Rs 1676.
India started the windfall tax on crude oil producers and on exports of gasoline, diesel and the aviation fuel in July 2022, reportedly to regulate private refiners who wanted to sell fuel overseas instead of locally, to gain from firm refining margins.
The central government has reduced windfall tax on crude petroleum, according to a government notification. The special additional excise duty (SAED) on crude petroleum has been slashed from Rs 9,600 per tonne to Rs 8,400 per tonne.
Bringing a measure of respite to the people, especially the middle and lower-income sections, amid the polling for the 18th Lok Sabha, oil marketing companies have slashed the prices of commercial LPG gas cylinders by Rs 19 per unit with immediate effect.
According to the latest updates, the retail sales price of a 19 kg commercial LPG cylinder in Delhi will stand at Rs 1795 from March 1 onwards. This adjustment reflects the evolving landscape of fuel pricing and its implications for consumers.
Effective from November 1, the retail price of the 19 Kg commercial LPG gas cylinder in Delhi will see a hike of Rs 101, bringing the new rate to Rs 1833 per cylinder, according to official sources.
In a major setback to LPG consumers, Public sector Oil Marketing Companies (OMCs) have hiked the price of 19 KG commercial LPG gas cylinders by Rs 209, according to the sources.
In a major relief to LPG consumers, Public sector Oil Marketing Companies (OMCs) have made price revisions for commercial LPG and slashed the price of 19 KG commercial LPG gas cylinders by Rs 158.