This reduction has come only in the prices of commercial gas cylinders. There has been no change in the price for domestic LPG gas customers. After the new cut, the price of a commercial LPG cylinder weighing 19 kg has come down to Rs 1,773. In the month of May, this price was Rs 1,856.5 per cylinder.
The Government of India has passed several key recommendations made by the KiritParikh Committee with respect to the pricing of natural gas produced from APM fields. These are legacy fields and largely held by PSUs like ONGC.
The move can bring some relief for consumers as the rates of both CNG and PNG jumped 80% in the last year after a sudden spike in international markets