Indian Oil Companies Slash Commercial LPG Cylinder Prices

Indian oil marketing companies cut the price of 19 kg commercial LPG cylinders by ₹183.5 ($1.94) for industrial clients, with no changes to domestic rates. This reduction follows a June increase propelled by supply disruptions due to the Middle East crisis.

Indian oil marketing companies have reduced the price of 19 kg commercial LPG cylinders for industrial consumers by ₹183.5, equivalent to $1.94, according to local media reports on Wednesday. There have been no changes in the rates of domestic household LPG cylinders.

The Indian Oil Corporation, the country's largest state-owned refiner and fuel distributor, had previously increased the price of commercial LPG cylinders to ₹3,113.50 from ₹3,071.50 in June, following supply constraints caused by the Middle East crisis.

The current currency exchange rate stands at $1 to 94.6600 Indian rupees.