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Record price cut for LPG cylinders

Date: 04 May 2020 Tags: Miscellaneous
  • Non-subsidised LPG or market-priced cooking gas prices were cut by a record ?162.50 per cylinder, in line with the slump in benchmark international rates.
  • This is the third straight monthly reduction in rates of non-subsidised LPG, which users who have given up subsidy buy.
  • The outbreak of coronavirus and the lockdowns imposed by nations to curb its spread has evaporated demand for oil, sending international oil prices crashing.