Tue, Aug 01, 2023
The price of LPG encompasses various elements such as the Free on Board (FOB) price, ocean freight, insurance charges, customs duties, and port dues. The new formula benchmarks most domestically produced natural gas to 10 per cent of the monthly average import price of crude oil, with floor and ceiling prices set at $4 and $6.5 per million British thermal units (mBtu) respectively.
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LPG cylinder price: Oil marketing companies review the prices of commercial as well as domestic LPG cylinders on the first day of every month, aligning them with global petroleum and forex rates.
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