India cuts price of LPG cylinder for industrial clients, local media reports
India cuts price of LPG cylinder for industrial clients, local media reports MUMBAI, July 1 (Reuters) - Indian oil marketing companies have cut the price of 19 kg commercial LPG cylinders for industrial clients by 183.5 rupees ($1.94), with no change in rates for household cylinders, local media reported on Wednesday.
Indian Oil Corporation IOC.NS, India's largest state-run refiner and fuel retailer, in June had raised the price of commercial LPG cylinders to 3,113.50 rupees from 3,071.5 rupees amid a supply squeeze triggered by the Middle East crisis.
($1 = 94.6600 Indian rupees)
(Reporting by Shanima Aniyeri; Editing by Tom Hogue)
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