Meanwhile, the increase in commercial gas prices has reached its peak. Many businessmen, hotel owners, dhaba owners and tea stall owners have suffered huge losses. Many have closed their businesses. On July 1, state-owned oil companies (OMCs) reduced the price of a 19 kg commercial LPG cylinder by Rs 183.50. This decision is believed to have been taken after some easing of tensions in West Asia and large reserves of gas. Now, will the prices of domestic gas cylinders also decrease? People are paying attention to this. Women in the house are waiting to see when this decision will be taken.

How much does a commercial gas cylinder cost?

State-owned oil companies have reduced the price of commercial gas cylinders by ₹183. In Delhi, a commercial gas cylinder costs ₹2,930, and in Mumbai, it costs ₹2,884. In Kolkata, a major eastern city, the price of a commercial gas cylinder is ₹3,072, and in Chennai, a major southern city, the price of a commercial gas cylinder is ₹3,099.

US-Iran tensions boost prices

The US, Israel, and Iran have been at war for more than three months. There were signs of war in West Asia. Iran closed the Strait of Hormuz, significantly impacting the movement of oil tankers and cargo. Since this is a global energy route, supplies were affected. The price of a 19 kg LPG cylinder in Delhi increased from ₹3,071.50 to ₹3,113.50 in May.

When will domestic gas cylinders become cheaper?

The government announces the price of gas cylinders on the first day of a new month. If global crude oil prices remain stable for a long period, it has a significant impact. Prices fall. Currently, crude oil prices have fallen significantly. If this decline continues, LPG prices may fall by the end of this month or next month, August. Oil companies may reduce prices. The government has not yet made any official announcement in this regard.

Domestic gas cylinder price

Delhi - Rs. 942.00

Mumbai - Rs. 941.50

Chennai – Rs. 957.50

Kolkata - Rs. 968.00

PC: TV9