NEW DELHI: The central government has slashed the price of commercial LPG cylinders by Rs 183 after a series of hikes due to the Iran war and the wider West Asia crisis. In Delhi, a commercial LPG cylinder will now cost Rs 2,930 as opposed to Rs 3,113 previously.
The development comes days after the government restored LPG supplies to commercial customers such as restaurants, hotels and other businesses to pre-Iran war levels, and did away with sector-exclusive curbs imposed during the West Asia crisis.
In a statement, the Petroleum Ministry said that the restrictions on commercial LPG supply were lifted after an improvement in domestic production and the expected arrival of imported LPG cargoes. Furthermore, the bulk LPG supply, which was paused at the start of the conflict, had been partially resumed at 50 per cent of pre-war consumption levels.
At the peak of the West Asia crisis, LPG supplies were massively hit and prices were also increased several times due to high demand. Supplies were subsequently restored in phases to nearly 70 per cent of normal consumption levels, although many sectors continued to face restrictions of up to 50 per cent of their usual allocations as authorities sought to preserve fuel stocks amid import availability concerns.