People are relieved within the lockdown as a result of LPG gasoline cylinder has turn into less expensive. LPG cylinder with out subsidy turned cheaper by Rs 162.50 from today. This is the third consecutive month the value of LPG cylinder has been lowered on account of falling gas costs within the worldwide market. The authorities subsidizes LPG clients on 12 cylinders of 14.2 kg a 12 months, clients who purchase extra cylinders or those that have given up their subsidy have to purchase cylinders at market worth with out subsidy.
Lockdown has been carried out in lots of international locations to forestall the unfold of corona virus. <! –
Due to this, the demand for oil within the worldwide market has decreased, on account of which its costs have reached a document low. Last month, Brent crude oil hit a document low of $ 15.98 per barrel. It was the bottom crude oil worth in twenty years. Brent crude oil touched $ 26.43 a barrel on Friday.
According to the knowledge of the federal government gas firms, after the value of non-subsidized LPG cylinder decreases, the value of 14.2 kg cylinder in Delhi will probably be Rs 581.50. It was Rs 744 on Thursday. This is the most important discount within the worth of non-subsidized LPG cylinders after January 2019. Then the value of the cylinder was lowered by Rs 150.50. At the identical time, the value of LPG in Kolkata has been lowered to Rs 584.50, Rs 579 in Mumbai and Rs 569.50 in Chennai.