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The Hindu
The Hindu
National
Special Correspondent

LPG price reduced by ₹10 per cylinder

Public sector oil marketing companies have reduced the price of domestic liquefied petroleum gas (LPG) cylinder by ₹10 a cylinder from Wednesday.

A press release here from Indian Oil Corporation Ltd. said that oil majors had reduced prices of petrol and diesel by around 60 paise a litre because of international crude oil prices softening over the past two weeks. This was due to growing worries about rising COVID-19 cases in Europe and Asia and concerns over side- effects of the vaccine.

Oil industry experts said the reduction was done keeping voters in poll-bound States in mind. However, the reduction was not as expected by the consumers.

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