Our Bureau New Delhi, Dec. 1 Private and public players in the non-domestic liquefied petroleum gas (LPG) business have passed on the benefit of reduction in international product prices to customers. The price of commercial LPG that is sold in 19-kg cylinder has been reduced in the range of Rs 240-270 and is expected to go down further in January. "The prices are expected to go down further in January as the LPG prices for December in the global market has gone done by another $150 a tonne and is ruling close to $340 a tonne," Mr S.K. Hazar, President, Indian LP Gas Industry Association told Business Line. Originally, the non-domestic LPG prices was expected to go down by Rs 300-Rs 320 a cylinder, but due to rupee depreciation the entire benefit of the international prices could not be passed on to the customers, industry sources said. If the rupee was at Rs 41 versus dollar then the price would have come down by over Rs 300 a cylinder, sources added. Commercial LPG has seen a growth of about seven-eight per cent. The decline in non-domestic LPG prices is also going to boost the auto gas sector, which saw a nil growth in the last quarter. The auto gas sector had seen a growth of nearly 40 per cent in the last fiscal. The category is expected to pick up considerably as auto gas is cheaper than petrol by almost 35 per cent. While prices of commercial LPG (19 kg) has decreased to Rs 831.1 a cylinder from Rs 1,108.5 a cylinder in Delhi, the price of auto LPG has come down on an average by Rs 5 a litre. The auto LPG price in Delhi has been reduced to Rs 30.37 a litre (Rs 34.38 a litre). http://www.thehindubusinessline.com/2008/12/02/stories/2008120252340500.htm Who is wise? He that learns from everyone. Who is powerful? He that governs his passions. Who is rich? He who is content. Who is that? Nobody - Benjamin Franklin --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
