The new financial year 2021-22 is bringing relief for ordinary people. Domestic LPG cylinder prices are going to come down from April 1. LPG cylinders will be cheaper by 1 April, i.e. Thursday. Indian Oil Corporation Limited (IOCL) gave this information on Wednesday evening. Government oil and gas companies also increased the price of LPG in March.
Cost of Domestic LPG cylinder to reduce by Rs 10 per cylinder effective 1st April 2021: Indian Oil Corporation Limited pic.twitter.com/kOdk1yQPEO
— ANI (@ANI) March 31, 2021
LPG Cylinders are Getting Cheaper from April 1
Talking about the LPG cylinder’s March month price, Indane’s 14.2 kg non-subsidized cylinder has been priced at Rs 819 in Delhi, Rs 845.50 in Kolkata, Rs 819 in Mumbai and Rs 835 in Chennai. Simultaneously, the price of 19 kg cylinder of Indane is Rs. 1614 in March, Rs. 1681.50 in Kolkata, Rs. 1563.50 in Mumbai and Rs. 1730.50 in Chennai.
IOCL issued a press release saying, “Since November 2020, the prices of crude oil. And petroleum products have been steadily increasing in the international market. India is more dependent on imports in terms of crude oil, and prices are associated with the market. The increase in international prices increases the domestic prices of petroleum products.
IOCL continued, “However, due to concerns over the increase in cases of COVID-19 in Europe and Asia. And the side effects of the vaccine, the prices of crude oil and petroleum products in the international market have softened in the second fortnight of March 2021.”
IOCL said that the oil companies had reduced diesel and petrol prices in Delhi by 60 paise. And 61 paise per litre, respectively, within the last few days. IOCL said that the domestic LPG cylinder’s price in Delhi had been reduced by Rs 10 per cylinder from Rs 819 per cylinder to Rs 809 per cylinder. The new rate will come into effect from April 1, 2021. This price reduction will also happen in other cities.