LPG Price Hike: With effect from today, the price of a 14.2 kg domestic liquefied petroleum gas (LPG) cylinder has been increased by 50. Domestic cylinders will now cost $1103 per cylinder in Delhi, according to the most recent revision.
Commercial LPG cylinders will now cost Rs 2,119.50 per unit in Delhi, while domestic LPG cylinders will cost Rs 1,103 per unit in the national capital, according to the revised rates. This is the second price increase for commercial LPG cylinders this year. Previously, commercial cylinder prices were raised by Rs 25 per unit on January 1.
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Domestic LPG cylinder prices hiked by Rs 50; check new rates
The new rates go into effect today, March 1.
This is the second price increase for commercial LPG cylinders this year. Previously, commercial cylinder prices were raised by Rs 25 per unit on January 1, after which they were sold at Rs 1,768 in Delhi, Rs 1,721 in Mumbai, Rs 1,870 in Kolkata, and Rs 1,971 in Chennai.
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LPG now costs Rs 1,103 in Delhi, Rs 1,118.5 in Chennai, and Rs 1,155 in Hyderabad. Cylinder will cost Rs 1,102.5 in Mumbai and Rs 1,129 in Kolkata.
Domestic cooking gas prices vary by state due to local taxes, and fuel retailers revise prices at the start of each month. Each household is entitled to 12 subsidised cylinders per year. Cylinders can also be purchased at market value.
Domestic LPG Cylinder 14.2 kg prices increased by Rs 50/. Domestic LPG cylinder price increased to Rs 1103/ in Delhi: sources
— ANI (@ANI) March 1, 2023
It should be noted that, in the event of a change, oil marketing companies announce new LPG cylinder prices at the beginning of each month. International crude oil prices have an impact on domestic LPG prices.
According to Reuters, oil prices rose nearly 2% on Tuesday, erasing the previous session’s losses, as hopes for a strong economic rebound in China offset concerns about US interest rate hikes dragging down consumption in the world’s largest economy.
