Get LPG cylinders at petrol pumps

by Gulshan Kumar Ajmani in Current Affairs & Latest News

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Rakhi Yadav

55 462 3.47k

11 years ago

#340002

My God! 1500 is too much for one cylinder. I hope pump owners don't take this opportunity to sell cylinder like that. Otherwise that will be a nightwear for everyone!

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Suny Ag

253 20k 141.2k

11 years ago

#340007

I remember my economics lecturer teaching us about commodity and price. She gave an example which I have never forgotten - When a man is very tired and is achin to have acup of coffee and there is only one cup available with 3 or 4 others all wanting the same he is ready to pay whatevr price is being demanded whtehr it is valid or not...When a second cup is offered for the same price, he will think twice and for the third cup, he would start baargaining ! It is all a matter of need ,demand and supply ! so also with LPG cylinders..

In Bangalore there are few companies which supply cylinders at about 700/ as much II can remember until last year. That is privately owned service which might have gone up according to market price now, but they supply gas within 30 minutes after they receive the call.

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Gulshan Kumar Ajmani

3.48k 21.9k 176.9k

11 years ago

#340008

I remember my economics lecturer teaching us about commodity and price. She gave an example which I have never forgotten - When a man is very tired and is achin to have acup of coffee and there is only one cup available with 3 or 4 others all wanting the same he is ready to pay whatevr price is being demanded whtehr it is valid or not...When a second cup is offered for the same price, he will think twice and for the third cup, he would start baargaining ! It is all a matter of need ,demand and supply ! so also with LPG cylinders..

This is law of diminishing marginal units. successive units of consumption give lesser utility. You buy till utility of next unit is less than price.

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