As per the announcement, a 19 kg commercial Indane gas cylinder will now cost Rs 1885 as against the old price of Rs 1976 07. Similarly, a commercial LPG cylinder will cost Rs 1995.50 instead of Rs 2095.50 in Kolkata, Rs 1844 instead of Rs 1936.50 in Mumbai, and Rs 2045 rupees in Chennai instead of Rs 2141.
The reduction in price will provide some relief to restaurants, eateries and tea stalls, etc which constitute the largest user segment of the 19 kg cylinder. However, there has been no change in the price of domestic LPG cylinders as of now. It may be noted that the OMCs announce LPG price changes twice a month, once at the beginning of the month and once during the middle of the month.
The cost of commercial gas cylinders has decreased for five consecutive months. The price of the gas cylinder, which peaked at Rs 2,354 on May 19, 2,022, was Rs 2,219 on June 1. After a month, the cylinder's price dropped by Rs 98, becoming Rs 2,021. The price of this cylinder was lowered by the oil companies on July 6 to Rs 2,012.50. From August, the cylinder cost was at Rs 1976.50.
In Kolkata, the cost of the commercial cylinder has dropped from Rs 2,095.50 to Rs 1,995.50. Similar to Mumbai, a commercial cylinder will cost Rs 1,844 rather than Rs 1,936.50 and Rs 2,045 rather than Rs 2,141 in Chennai.