In a development that will impact both businesses and consumers, public sector Oil Marketing Companies (OMCs) have announced an immediate increase in the prices of commercial LPG (liquefied petroleum gas) cylinders. This price hike, amounting to Rs 209, comes nearly a month after OMCs had reduced the rates of 19-kg commercial LPG gas cylinders by Rs 158 in September.
Traditionally, the pricing of both commercial and domestic LPG cylinders is subject to monthly revisions, which typically take effect on the first day of each month. Therefore, the revised, higher prices for commercial LPG gas cylinders are effective as of today. As of the latest data, petrol is priced at Rs 96.72 per litre in the national capital, while diesel is available at Rs 89.62 per litre.
The increase of Rs 209 in the price of a 19-kg commercial LPG cylinder is expected to have a notable impact on businesses and industries that rely on these cylinders for their energy needs. This price adjustment follows two successive reductions in August and September of approximately Rs 250 each, which had brought some relief to consumers and businesses.
In the national capital, Delhi, the cost of a commercial gas cylinder has risen from Rs 1,522.50 per kilogram to Rs 1,731.50 per kilogram. This upward trend in LPG gas prices reflects the intricate dynamics of the global oil and gas market, which are influenced by factors such as international crude oil prices, exchange rates, and geopolitical developments. OMCs regularly review these factors to determine the monthly revisions in LPG prices, which can experience significant fluctuations. The updated prices of commercial LPG cylinders in metro cities are as follows
Delhi: Rs 1,731.50, Mumbai: Rs 1,684, Lucknow: Rs 1,845, Chennai: Rs 1,898, Kolkata: Rs 1,839 Bengaluru: Rs 1,813
Consumers and businesses relying on commercial LPG cylinders for their energy needs are advised to adapt to these fluctuations and incorporate them into their budgets. OMCs will continue to closely monitor market conditions and make adjustments as deemed necessary in the coming months.
