New Delhi: Big hole in common man’s pocket, Oil manufacturing companies (OMCs) hiked the price of Liquefied Petroleum Gas (LPG) for domestic use again on Saturday. The 14.2 kg cylinder will now cost Rs 50 extra. With this hike, the price of a cylinder has reached Rs 1,000 mark. The domestic cylinder will cost Rs 999.50/cylinder from today May 7.
The price of commercial cylinders was hiked by Rs 102 last week. On May 1, the price of a 19-kg commercial LPG cylinder was increased by Rs 102.50, to Rs 2355.50, up from Rs 2253 before. Also, the price of a 5-kg LPG commercial cylinder was increased to Rs 655.
The hike in cylinder prices has come at a time when people are already troubled by the rising prices of petrol and diesel in the country. The LPG price hike would add to the woes of the common man in India.
Previously, the rate of 19-kg commercial LPG was increased by Rs 250 per cylinder to Rs 2,253 on April 1. Further, the price of commercial LPG was hiked by Rs 105 on March 1, 2022.
The recent price hike in petrol and petroleum products is due to a sharp increase in global energy prices as a result of the Russia-Ukraine situation that has led to supply worries.