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 NSE:IOC, 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)