Commercial LPG prices have been reduced by Rs 58.50, effective from July 1, providing a much-needed respite for businesses that heavily rely on this fuel. The price cut, which brings the rate down to Rs 1,665 per cylinder in Delhi, is the third reduction in recent months, indicating a sustained downward trend.
The decrease in prices comes as a relief for sectors such as hospitality, food services, bakeries, and small-scale industries, which have been struggling with increasing operational costs. The move is expected to help these businesses manage their expenses more efficiently and improve their overall profitability.
Oil marketing companies have attributed the reduction in commercial LPG prices to international crude trends and supply dynamics. While this development is welcomed by commercial establishments, there has been no change in the prices of 14.2-kg domestic LPG cylinders.
Despite calls from the public for a review of domestic LPG prices due to rising household expenses, oil companies have maintained that there will be no adjustments at this time. This decision has raised concerns among common households, who continue to face financial challenges amid the economic uncertainties.
The announcement of the price cut in commercial LPG has been met with a positive response from the business community, with many expressing gratitude for the relief it will bring. As the country grapples with economic challenges, any reduction in operational costs for businesses is seen as a step in the right direction.
