German economy forecast to lag eurozone growth until 2026
The German economy is expected to significantly underperform the eurozone average until at least 2026, according to the European Commission's Autumn Forecast released on Friday.
In a significant development benefiting LPG consumers, Public sector Oil Marketing Companies (OMCs) have reduced the cost of 19 KG commercial LPG gas cylinders by ₹ 158, as per insider information.
The revised pricing will take effect immediately, and the retail selling price of a 19kg commercial LPG cylinder in Delhi will now stand at ₹ 1,522.
Previously, in celebration of Raksha Bandhan, the central government extended a ₹ 200 reduction in the price of Domestic LPG as a gesture of goodwill towards the nation’s women.
Advertisement
Both commercial and domestic LPG (liquefied petroleum gas) cylinder prices undergo monthly adjustments, taking effect on the first day of each month, including the upcoming revision on September 1.
In the preceding month of August, Oil Marketing Companies (OMCs) reduced the prices of commercial LPG cylinders by ₹ 99.75. Conversely, in July, the rates for these LPG gas cylinders experienced an upward adjustment, rising by ₹ 7 each.
Prior to this price increase, there were two consecutive reductions in the rates of these LPG cylinders, occurring in May and June of this year. In May, OMCs decreased the price of commercial LPG cylinders by ₹ 172, followed by a reduction of ₹ 83 in June.
In April as well, the prices experienced a decline, with a reduction of ₹ 91.50 per unit. It’s worth noting that on March 1 of this year, petroleum and oil marketing companies raised the prices of the LPG cylinders by ₹ 350.50 per unit and domestic LPG cylinders by ₹ 50 per unit.
Advertisement
