New Delhi (National Times): In a welcome move for the commercial sector, oil marketing companies have reduced the price of 19-kg commercial LPG gas cylinders by Rs 58.50 with effect from Tuesday, July 1. The revision offers relief to hotels, restaurants, and businesses that rely on commercial gas cylinders for daily operations.
With the latest price cut, the retail price of a 19-kg commercial LPG cylinder in Delhi now stands at Rs 1,665, down from Rs 1,723.50. The revised rates vary across other major cities, with prices now at Rs 1,616 in Mumbai, Rs 1,769 in Kolkata, and Rs 1,823.50 in Chennai.
However, there has been no change in the price of 14.2-kg domestic LPG cylinders, which are primarily used in households across India. Domestic LPG rates have remained stable for the time being.
Crackdown on Fueling End-of-Life Vehicles (ELVs)
In a separate development, petrol stations across the National Capital Region have begun displaying warnings against dispensing fuel to End-of-Life Vehicles (ELVs). Effective July 1, 2025, petrol vehicles older than 15 years and diesel vehicles older than 10 years are barred from receiving fuel in accordance with government regulations aimed at reducing pollution and improving air quality.
Posters at fuel stations now read: “Fuel will not be dispensed to end-of-life vehicles (ELVs).” In addition, several stations have installed CCTV cameras and public announcement systems to ensure compliance and inform customers in real time.
Global Oil Prices Expected to Fall
Meanwhile, a recent report released on June 27 by ICICI Bank suggests that global crude oil prices may face downward pressure in the near term. Factors contributing to the trend include the de-escalation of tensions between Israel and Iran, softening global demand, and increased supply.
The report also warns that ongoing negative sentiment around trade wars could further dampen demand, adding to the bearish outlook for crude oil.
These developments come as India continues to manage its fuel pricing dynamics in response to both domestic needs and shifting global market conditions.
