Hyderabad, Dec 22 (Hydnow): Commercial cooking gas (LPG) prices were on Friday cut by Rs. 39.50 per 19 kg cylinder in line with softening international benchmarks.
However, the price of domestic LPG – used in household kitchens for cooking purposes – remained unchanged at Rs. 903 per 14.2 kg cylinder.
Commercial LPG – used in various establishments such as hotels and restaurants – will now cost Rs. 1,757 per 19 kg cylinder in the national capital as against Rs. 1,796.50, oil firms said in a price notification.
State-owned oil firms last hiked the price of commercial LPG by Rs. 21 on December 1. Commercial LPG will now cost Rs. 1,710 per 19 kg cylinder in Mumbai, Rs, 1,868.50 in Kolkata, and Rs, 1,929 in Chennai. Rates differ from state to state based on the incidence of local taxation. Saudi contract price. The benchmark used for pricing of LPG has softened in the last few weeks, with oversupply concerns.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) revise cooking gas and ATF prices on the 1st of every month, based on the average international price in the previous month.
Petrol and diesel prices continued to remain on freeze for a record 21st month in a row. Petrol costs Rs. 96.72 per litre in the national capital and diesel comes for Rs. 89.62 per litre. (Hydnow)
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