Modi government can give festive gifts to the general public . At the beginning of every month, fuel companies release new rates of products. Companies sometimes increase the price, then sometimes they also decrease it. On the first of August, oil marketing companies had reduced the price of commercial LPG cylinders (19 kg) by Rs 36. This did not directly benefit the domestic LPG consumers. Now from October 1, there may be a change in the prices of CNG and LPG.
Actually, there was no change in the prices of domestic LPG cylinders last month. But the price of commercial cylinder was reduced. After this, this time it is expected that the government can reduce the price of 14 kg cylinder by looking at the festivals.
Let us inform that on September 1, the price of commercial LPG cylinder was reduced by Rs 100. Then the new rates of LPG were released by Indian Oil on September 1, according to which Indane cylinders started getting cheaper by Rs 91.50 in Delhi, Rs 100 in Kolkata, Rs 92.50 in Mumbai and Rs 96 in Chennai. This cut was done from Delhi to Patna, Jaipur to Dispur, Ladakh to Kanyakumari.
The import parity price formula is used to determine the price of LPG. It includes crude oil price, sea freight, insurance, custom duty, port cost, dollar to rupee exchange, freight, oil company margin, bottling cost, marketing expenses, dealer commission and GST. also affect prices. PLC/GT
