The price of the LPG gas cylinder has been decreased for the second time and once more to the delight of the household across the country. The new revision in price has offered relief to millions of families burdened by rising kitchen expenses. The consumer, basically buying cooking gas for daily use through domestic LPG cylinders, has certainly benefited through this cut.
Latest Update in LPG Pricing
LPG prices are reviewed by oil marketing companies before the first day of each month after adjusting global crude oil prices and other market conditions. For September, the price of domestic LPG cylinders has seen a fair decline to brighten the common man’s life. These new prices came into force, today, in various big cities.
By How Much Did They Drop?
Domestic LPG cylinders have seen a reduction between Rs 50 to Rs 100, keeping in view the metro cities like Delhi, Mumbai, Kolkata, and Chennai. This has meant that consumers will pay lesser than what was being charged in the last month. The decrease in prices will help ease household budgets, particularly for middle-class and lower-income household families.
Impact on Consumers
The disadvantage of increased food and fuel costs has brought relief to it. This price reduction in LPG will save plenty of money on a monthly basis for those families who use LPG for cooking. These moves are expected to drive affordability and increase the shift among more households toward clean cookingfuels instead of their traditional ones such as wood or kerosene.
Commercial Cylinder Prices
Along with domestic LPG, the prices of commercial cylinders used by hotels and restaurants have also been reduced. This should also help reduce food service industry expenses and might even translate to cheaper restaurant prices for mates.
Conclusion
The latest revision in LPG gas cylinder prices is a welcome step for the households as well as businesses. With reduced rates for cylinders both domestically and commercially, the consumers shall stand to benefit with a little financial relief for their monthly expenses. If the oil market at the global level remains settled, perhaps, LPG rates shall remain cheap in the upcoming months.