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Domestic LPG Cylinder Price Decreases By ₹ 10

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Domestic LPG Cylinder Price Decreases By ₹ 10
The Lokniti

Prices of crude oil and petroleum products have been on a constant uptrend since November 2020.

The price of a gas cylinder earlier stood at ₹ 819 per cylinder (Representational)

In a major relief to consumers, the cost of domestic Liquefied Petroleum Gas (LPG) cylinders will reduce by ₹ 10 from April 1, bringing it down to ₹ 809 per cylinder, Indian Oil Corporation (IOC) informed on Wednesday.

The price of a gas cylinder earlier stood at ₹ 819 per cylinder.

“The price of domestic LPG cylinders has been reduced by ₹ 10 per cylinder from ₹ 819 per cylinder to ₹ 809 per cylinder in Delhi, effective from April 1. The same reduction has been carried out in other markets,” the IOC said.

Prices of crude oil and petroleum products have been on a constant uptrend since November 2020. As India is largely import-dependent on crude oil and the prices are market-linked, the increase in international prices resulted in an increase in domestic price of petroleum products, according to an official statement.

However, due to growing worries about rising COVID-19 cases and concerns over the side effects of the vaccine, prices of crude oil and petroleum products in the international market softened in the second fortnight of March 2021, it added.

The IOC further informed that oil companies have reduced the Retail Selling Price (RSP) of diesel and petrol by 60 paise per litre and 61 paise per litre respectively in the national capital over the last few days.

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