State-owned oil marketing companies revise the price of cooking gas on the first day of every month based on average of benchmark fuel in the international market and foreign exchange rate. Photo for representation.

State-owned oil marketing business revise the cost of cooking gas on the first day of every month based upon average of benchmark fuel in the global market and foreign exchange rate. Image for representation.|Picture Credit:
R. Ashok.

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This is the 3rd straight month-to-month decrease in rates of non-subsidised LPG.

Non-subsidised LPG or market-priced cooking gas rates were cut by a record162

The break out of coronavirus and the lockdowns enforced by nations to curb its spread has vaporized need for oil, sending out global oil prices crashing.

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