1. Home
  2. Nation
  3. Commercial LPG Cylinder price hiked by ₹266 from today

Commercial LPG Cylinder price hiked by ₹266 from today

By Saima Siddiqui 
Updated Date

Pune: Days ahead of Diwali, the prices of Liquefied Petroleum Gas (LPG) cooking gas were hiked by Rs  266 from today (November 1), giving consumers a major setback. With this price hike commercial cylinders of the 19 kg in Delhi will cost 2000.50 from today onwards which was costing 1734 earlier. While, in Mumbai, the price of a commercial LPG cylinder is now Rs 1,950. In Kolkata, it is of Rs 2,073.50, while in Chennai now a 19 kg cylinder will be available for Rs 2,133.

Also Read :- Petrol, diesel prices go up again after day's gap, total hike ₹ 7.20 in 12 days | Check fuel rates here

However, no increase were announced in the price of domestic LPG cylinders. LPG rates for domestic cylinders were last hiked by Rs 15 each on October 6, taking the total increase in rates since July to Rs 90 per 14.2-kg cylinder.

The government policy provides for the supply of 12 cylinders of 14.2-kg each per household at subsidized or below-market rates. Any quantity over this had to be bought at market price or non-subsidised rates.

The increase in subsidised LPG price now has taken the cumulative rate hike since January 1 to  205 per cylinder.

This is how the prices of LPG Cylinder are determined?

Also Read :- Oil prices surge to 20-month high after missile attacks aimed at Saudi's Aramco

The prices of LPG cylinders mainly depend on two things; 1) global crude oil prices and 2) dollar-rupee exchange rates.  

Considering the pace at which the crude oil prices are rising, it seems that soon the domestic LPG cylinder prices will cross Rs 1,000 per cylinder. The prices of domestic LPG cylinders in Delhi were Rs 694 per cylinder in January, which has now gone up to Rs 899.50 after the eighth consecutive increase.

Further reading:
For the latest news and reviews, follow us on Facebook, YouTube and Twitter पर फॉलो करे...