Diabytes
LPG price cut News
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The new rates will be effective from June 1, with the price of a 19-kg commercial LPG cylinder now set at Rs 1,723.50.
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LPG Cylinder Price Cut: The price reduction decision by Oil Marketing Companies has been taken to offer relief to businesses and commercial enterprises.
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Recently, the Modi government's announcement to slash the prices of LPG gas cylinders by Rs 200 on the occasion of Raksha Bandhan has once again brought the issue of 'revdi politics' (offering freebies) at the forefront before the crucial upcoming general and several Assembly elections in the country.
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LPG price cut: The Modi government on Tuesday announced a Rs 200 per cylinder cut in prices of domestic cooking gas.
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Five states - Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoral will go to polls by the end of this year while the Lok Sabha Elections will be held in May 2024.
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The OMCs have slashed commercial LPG prices by up to Rs 36.5
The new rates have come into effect from October 1
The prices have been slashed in Mumbai, Delhi, Chennai and Kolkata
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The IOC, in a press release, said that the price of non-subsidised LPG was cut by over Rs 100.50 per cylinder on the back of softening international rates.
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This is a special segment of 5W1H by Zee News which brings to you news with research and latest updates. Watch this video to know more.
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In a big relief to consumers, the domestic cooking gas (LPG) price was cut by Rs 5.91 per cylinder on Monday, the Indian Oil Corp (IOC), the country's largest fuel retailer, said in a statement.
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This is the second straight monthly reduction in LPG rate.
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Aviation Turbine Fuel (ATF), or jet fuel, price was on Friday hiked by 8.7 percent but that of non-subsidised cooking gas LPG was cut by Rs 4 per cylinder on global trends.
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