 LPG cylinder is available in every household. And every day is useful for everyone. In such a situation, its prices fluctuate. And every month fuel shortages make the prices of their producers less and less on the 1st. In which sometimes the price increases and sometimes it seems to decrease.Â
If we talk about this month, then in the month of August, the price of LPG cylinder has been cut by ₹ 36. Meanwhile, no ups and downs have been seen. Let us tell you that the price of crude oil is due to the fluctuating prices of gas prices. In such a situation, there was some increase in the price of Brent crude. In view of this, it appears that oil companies cannot be expected to reduce rates. A slight change is likely this month. It can be seen that with rising prices, sometimes low prices can also be seen.
The price of LPG cylinders is determined using the import parity price formula. In this, things like crude oil price, sea fare, custom duty, insurance GST etc. are seen. At the same time, crude oil is not prepared from CNG but from national gas. And this is the reason why the price of LPG oil in India is decided on the basis of Natural S. And this is the reason why India imports Natural Gas Limited in quantity.
