Video Discription |
State-owned oil marketing companies have lowered the price of non-subsidised cooking gas by Rs 162.50 a cylinder, in the steepest reduction ever, as the global coronavirus crisis has demolished fuel demand.
Nationwide lockdowns to curb the spread of the virus have evaporated the demand for oil, sending international oil prices crashing. Benchmark Brent crude oil dropped to a two-decade low of $15.98 a barrel last month' it has rebounded since to trade at $26.43 a barrel on Friday.
Non-subsidised cooking gas now costs Rs 581.50 per 14.2-kg cylinder in Delhi, down from Rs 744 till Thursday, according to a price notification issued by state-owned oil companies.
This is a third straight monthly price reduction and comes on the back of falling international rates. Earlier, the price had been lowered by Rs 61.50 per cylinder in April, and by Rs 53 cut a month before. Through three reductions, the price of non-subsidised cooking gas has been reduced by Rs 277 per 14.2-kg cylinder, more than negating the massive Rs 144.5-per-cylinder price hike effected in February.
State-owned oil marketing companies revise the price of cooking gas on the first day of every month based on the average of benchmark fuel in the international market and foreign exchange rates.
Cooking gas is available across the country only at market price. Subsidy is transferred directly to the bank accounts of eligible buyers.
In Mumbai, the price of non-subsidised cooking gas was reduced to Rs 579 per cylinder from Rs 714.50. Eligible domestic users of cooking gas are entitled to 12 cylinders of 14.2 kg each at subsidised rates in a year.
The price of 19-kg LPG cylinders, used by commercial establishment, has been lowered to Rs 1,029.50 from Rs 1,285.
#CylinderGasPrice #CookingGas
Myra Media Channel is One Destination for all You Need Entertainment, Political News, Political Analysis, Latest News Updates, unknown facts, Health Tips, Educational videos, Technology, comedy videos and Many More.
☛☛ For Health Tips and Doctors voice, please subscribe Jeevan+: https://bit.ly/2QmqlGK
☛☛ Subscribe Myra Media : https://goo.gl/ZaXf2D
Myra Media Mainly Focus On Entertainment News. At Myra Media you will watch out the latest filmy news, upcoming movie updates, Beauty tips, Health tips, celebrities interviews, Trending, Technology, India, Entertainment, viral, science, how to, Telugu movies latest news, Telugu movies videos, movies gossips, Telugu movies gossips, Telugu movies trailers, Telugu audio launch, Telugu heroine, Telugu cinema news, recent Telugu movies reviews, movie public talks, Tollywood news, Bollywood news, Tollywood movie news,Political News,Telugu Politics,Political Leaders Interviews,Celebrity Interviews,Movie Interviews.
All you need to do is hit the subscribe button and stay tuned to our Non-stop Fun/Entertainment video channel
SUBSCRIBE and SUPPORT https://goo.gl/ZaXf2D
☛☛ Likes Us On Facebook: https://www.facebook.com/myramediatv
☛☛ Follow Us On Twitter: https://twitter.com/myramedia1
SUBSCRIBE AND STAY UPDATED
Please reach us at Info@myramedia.net if you have any enquirers and information to share with us. |