What LPG prices look like ahead of general election 2024

BNE News Desk

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New Delhi: With new policies and prices for LPG introduced ahead of the ensuing general elections, it is time to take a look at Liquefied petroleum gas (LPG) prices. 

On April 1, oil marketing companies announced a reduction in prices for 19 kg commercial cylinders and 5 kg FTL (Free Trade LPG) cylinders, according to reports. The price of a 19 kg commercial cylinder decreased by Rs 30.50 and is now priced at Rs 1764.50 in Delhi. Similarly, the 5 kg FTL cylinder saw a decrease of Rs 7.50 in the national capital.

Jet fuel or ATF (Aviation Turbine Fuel) prices also experienced a marginal cut of 0.5%. In Delhi, ATF prices dropped to Rs 100,893.63 per kl, and in Mumbai, to Rs 94,466.41 per kl.

In Guwahati, Assam, commercial cylinders on April 2 cost Rs 1971, while domestic cylinders cost Rs 852, according to goodreturns data. Rates are higher in Imphal, Manipur at Rs 954.50 for domestic cylinders and Rs 2225 for commercial cylinders. In Nagaland's capital Kohima, domestic cylinders cost Rs 822 and commercial cylinders cost Rs 1855. Notably, prices of commercial cylinders have seen a decrease in each of the states.

Such adjustments contrast with the previous announcement on March 1, when oil marketing companies raised prices of commercial liquefied petroleum gas (LPG) cylinders.

The fluctuation in prices is attributed to shifts in fuel costs, market dynamics, and taxation policies, impacting consumers and businesses reliant on commercial LPG cylinders.

Despite undisclosed reasons behind the price decrease, international oil prices, taxation policies, and supply-demand dynamics are likely contributors to such adjustments.

On International Women's Day, Indian Prime Minister Narendra Modi announced a reduction in domestic LPG prices by Rs 100 a cylinder. “This will significantly ease the financial burden on millions of households across the country, especially benefiting our Nari Shakti", he wrote on X (formerly Twitter). "By making cooking gas more affordable, we also aim to support the well-being of families and ensure a healthier environment."

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BNE News Desk