LPG cylinder prices to become cheaper from April. Check the latest rates
In a relief to common man, the prices of Liquefied petroleum gas (LPG) cylinder will become cheaper from next month. Starting from 1 April, the cost of domestic cooking gas will be reduced by ₹10, Indian Oil Corporation Limited said on Wednesday. In Delhi and Mumbai, a 14.2 kg LPG cylinder will cost around ₹809 from April. A LPG cylinder will now be available at ₹835.50 in Kolkata from Thursday. In Chennai, the prices of LPG cylinders will be lowered to ₹825 next month.
Fuel retailers revise prices of LPG cylinders every month. The LPG prices had been increased by ₹125 per cylinder in recent weeks. The price of LPG cylinders in India is dependent primarily on two factors — the international benchmark rate of LPG and the exchange rate of US dollar and rupee.
After a record increase in rates, the prices of LPG cylinder dropped as international oil prices had softened. International oil prices fell on the prospect of speedy recovery in consumption getting clouded by the second wave of COVID-19 cases, which has forced renewed lockdowns in parts of Europe.
