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Currently, the non-domestic gas cylinders allowed for the state are capped at 20 per cent
“There is no shortage for domestic consumers, and there is no reason to panic,” said the minister.
The Centre has also instructed refineries and petrochemical units to maximise the production of LPG.
With the revision taking effect from April 1, the new retail price of a 19 kg commercial LPG cylinder in New Delhi is ₹1,762.
In Delhi, the price of a 19-kg commercial LPG cylinder was cut by Rs 14.50, bringing it down to Rs 1,804.
Nirmala Sitharaman was addressing the media after the 53rd GST Council meeting.
Additionally, a 5 kg LPG cylinder's cost has decreased by Rs 7.50.
The revised price will be applicable from 6 am on Friday.
The cesses on fuel and liquor were sold as a kind of 'social responsibility' obligation. These cesses were to flow into a fund that would pay welfare pensions to over 60 lakh people.
The discrepancy was found in the documents provided by the Kerala Goods and Services Tax (GST) Department and the Indian Oil Corporation (IOC).
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