Oil marketing companies have cut the prices of commercial LPG gas cylinders by Rs 19 with immediate effect from May 1. As per the latest revision, 19KG commercial gas cylinders prices stood at Rs 1,745.50 in the national capital Delhi.
The revised price of commercial LPG cylinders in major cities include:
The reduction of prices comes at a time when global oil prices registered a fall. Revision in both commercial and domestic LPG cylinders usually takes place on the first day of every month. The fall in oil prices comes amid expectations of ceasefire agreements in the middle east and rising crude inventories in the US.
Meanwhile, the Central government has also reduced windfall tax on crude petroleum. The special additional excise duty (SAED) on crude petroleum has also undergone revision as a rate cut has been implemented. The SAED earlier stood at Rs 9,600 per tonne which has now been revised to Rs 8,400 per tonne. On April 16, the government had updated the windfall tax on petroleum crude to Rs 9,600 per cent tonne from Rs 6,800.
Earlier, the LPG cylinder prices were slashed by Rs 30 from April 1.
Also watch: LPG price hike: Government increases commercial cylinder rates, check latest price in your city