New Delhi: Oil marketing companies have announced a reduction in the prices of commercial cylinders and Free Trade LPG (FTL) cylinders (5kg cylinders). The price of a 19 kg commercial cylinder has been decreased by Rs 30.50, bringing it down to Rs 1764.50. Additionally, the price of a 5 kg FTL cylinder has been reduced by Rs 7.50. However, there has been no change in the price of domestic cylinders.
This price adjustment comes amidst a multitude of factors, including fluctuations in international oil prices, alterations in tax policies, and shifts in supply-demand dynamics. The reduction in prices arrives during a period of volatile fuel prices and evolving market conditions.
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