Price Of Commercial LPG Gas Cylinders Increased

News agency ANI reported that the Oil marketing companies have revised the prices of commercial LPG gas cylinders. The report said the rate of 19 KG commercial LPG gas cylinders in Delhi will be available for Rs 1,691.50 from September 1 after the price has been increased by Rs 39 in the national capital.

In India, oil marketing companies (OMCs) play a crucial role in determining the prices of Liquefied Petroleum Gas (LPG). These companies, including Indian Oil, Bharat Petroleum, and Hindustan Petroleum, adjust LPG prices based on global crude oil fluctuations, exchange rates, and government policies.

While the government regulates LPG prices for domestic use, commercial LPG rates vary with market conditions. Periodic revisions are made to reflect international pricing trends and manage subsidies. The control of LPG prices by OMCs, according to the industry, aims to balance affordability for consumers while maintaining financial stability for the companies amidst volatile global markets.