x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Omar’ announcement of five Marlas land to landless is welcome step: Gupta | Vishwa Yog Sansthaan conducts morning yoga, plantation drive & relief distribution | CM inaugurates Rs 35.67 crore water supply schemes in Tangmarg | Explore innovative , practical solar energy solutions for JK:- Satish Sharma | DyCM visits NIFT Budgam, reviews ongoing developmental works | Gold prices drops Rs 600 to Rs 1,13,200/10 G as fed's cautious stance strengthens Dollar | CS seeks guidance of NITI Aayog on Tele-ICU setup in new GMCs | Babila Rakwal reviews functioning of FPOs across J&K | DC distributes 52 sanction letters to promote youth entrepreneurship | PM Modi's policies reshaping India into a 'Mother-led Democracy': Purnima Sharma | All exams to be held on time in J&K: Sakina Itoo | JKBOSE, JKACS jointly organise UT level quiz competition on HIV/AIDS | Team KPBB - Serving Humanity, Serving Hope for flood-affected families | Hindi Fortnight inaugurated with grand ceremony at Central University of Jammu | NFR takes up eco-friendly drive under Swachhata Hi Seva 2025 | Inter-state drug supplie arrested with 7 kg Ganja in Domana | GST reforms are Prime Minister Modi's Diwali gift to the nation: CM Yogi | Director TBMS Parwez S Kaul, Retd Justice Muzaffar Jan visit DPS Srinagar | Projects worth over Rs 5 lakh crore to be launched in November with GBC@5: Chief Minister | Hardcore criminal booked under PSA by Samba police | Setback for Cong as LBA asserts authority, Thupstan returns to lead LBA | Controversy erupts over crowdfunding campaign in Mehraj Malik’s Name | Bar president distances himself from Mehraj’s legal team | LG Sinha to inaugurate national seminar on’ Bhartiya Bhashaon Mein Ekaatmata ' today | District-level panels constituted | CM Omar Inaugurates Convention Centre in Gulmarg | Vaishnodevi Yatra resumes after brief halt, registration begins | PM Modi speaks to Nepal PM Karki, supports efforts to restore peace | Court denies bail to ex-president LoC Traders Association in Hizbul funding case | Pahalgam tourist killings case: NIA court extends remand of 2 accused | MLA Inderwal calls on Omar, lists demands | Best out of Waste competition held at GCW Udhampur | India’s Minimum Support Price (MSP) Mechanism: Balancing Farmer Welfare, Market Dynamics, and Sustainable Agriculture | Indian Hearts in Peril: A Silent Epidemic | Balancing Legality With Humanity | GDC R S Pura organizes donation drive under Sewa Pakhwada | Red Ribbon Club volunteers visit Home for Aged, Infirm | Campaign for Saturation of Fl Schemes at Gram Panchayat level in all districts | Parveen Pargal appointed All India Executive Member of Laghu Udyog Bharati from J&K | NCC, NSS Units of GDC Kathua conducted donation activity under Seva Parv | Anantnag police seize land in major narco-terror crackdown | Owais Ali Bhat foundation J&K divisions helping flood effected people | RED DROP in collaboration with F&ES, LD hospital organizes blood donation | Celebration of Seva Parv at GDC Majalta | SPPND GDC Samba organizes donation drive to celebrate Sewa Parv | Nukkad Natak show on drugs abuse organize by Billawar police | Jammu police arrest absconder in Akhnoor | MLA Bahu Ch Vikram Randhawa kickstarts lane, drain work in Ward No. 21 | Police booked notorious drug Kingpin under PIT NDPS Act | Back Issues  
 
news details
LPG price reduced
7/1/2024 11:19:30 PM
Agencies

New Delhi, July 1: In a move aimed at offering relief to businesses and commercial enterprises, oil marketing companies have announced a reduction in the prices of commercial LPG gas cylinders, effective Monday.
The price of the commercial LPG cylinder of 19 Kg has been slashed by Rs 30. Consequently, the new retail sales price of a 19 Kg commercial LPG cylinder in Delhi is now Rs 1646.
This latest price cut follows a series of reductions over the past few months. On June 1st, the rate of 19 kg commercial LPG cylinders was reduced by Rs 69.50 in Delhi, bringing the retail sales price down to Rs 1676. Prior to that, on May 1, 2024, there was a reduction of Rs 19 per cylinder. These consecutive price decreases indicate a positive trend for businesses struggling with operating costs amid economic challenges.
The frequent adjustments in LPG cylinder prices at the start of each month reflect the dynamic nature of the market. Various factors such as international oil prices, taxation policies, and supply-demand dynamics play a significant role in these pricing decisions.
Although the exact reasons behind the recent price decrease have not been disclosed, it is evident that the oil marketing companies are responsive to the broader economic conditions and markets.
The reduction in LPG prices is particularly significant given the current economic climate. Businesses, especially those in the food and hospitality sectors, heavily rely on commercial LPG cylinders for their operations. The price cuts provide some much-needed financial relief, enabling these businesses to better manage their operating costs and potentially pass on some savings to consumers.
Additionally, the government has been proactive in promoting the use of LPG cylinders for cooking in homes through various schemes such as the Pradhan Mantri Ujjwala Yojana. It provides subsidies to eligible families, encouraging the adoption of cleaner cooking fuels and improving living standards.
As the market continues to evolve, stakeholders will be closely monitoring the factors influencing these price adjustments, including international oil market trends and domestic economic policies.
For now, the reduction in the price of commercial LPG cylinders provides a small but significant respite to many, signaling a step in the right direction for the broader economic landscape.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU