LPG Cylinder To Be Cheaper By Rs 10 From April 1st

New Delhi: with a view to give relief to domestic LPG consumers, the price of Domestic LPG cylinder has been reduced by Rs 10 (from Rs 819/cylinder to Rs 809/cylinder) at Delhi effective April 1, 2021, stated an Indian Oil press release on Wednesday. Same reduction has been carried out in other markets as well.

Moreover, Petrol and diesel prices saw a downward trend recently.

As per the news release, prices of crude oil and petroleum products in the international market have been on a constant uptrend since November 2020. As India largely imports crude oil and the prices are market-linked, the increase in international prices resulted in an increase in domestic price of petroleum products.

"However, due to growing worries about rising Covid-19 cases in Europe and Asia and concerns over the side effects of vaccine, prices of crude oil and petroleum product in the international market softened in the second fortnight of March 2021. Accordingly, Oil Companies have reduced the Retail Selling Price (RSP) of Diesel and Petrol by 60 paise per litre and 61 paise per litre respectively at Delhi market over the past few days," stated Indian Oil.

The Oil Company further added that there was a corresponding reduction in prices at other markets during this period. This reduction has come as a relief to motorists and transporters across India.