Commercial Gas Cylinder Prices Plummet in Chennai, Offering Relief to Businesses!
Gas cylinder prices for commercial use have recently plummeted by Rs. 30.50 in Chennai, now standing at Rs. 1,930. This reduction brings relief to businesses reliant on these cylinders.
The Confederation of Oil Companies, tasked with setting prices for essential fuels like petrol, diesel, and gas cylinders, considers factors such as international crude oil prices, import expenses, and the rupee`s strength against the US dollar. Monthly reviews prompt adjustments to gas cylinder prices on the 1st of each month.
The latest Rs. 30 drop in commercial cooking gas cylinder prices reflects a favorable market shift. However, domestic cylinder prices remain steady at Rs. 818.50.
These adjustments highlight the intricate relationship between global market dynamics and local economic conditions, ultimately influencing consumers` expenditure on vital commodities.
