July 5th 2023.
Oil marketing companies have raised the prices of commercial LPG gas cylinders by Rs. 7 per cylinder. This hike has raised the retail sales price of a 19kg commercial LPG cylinder in Delhi from Rs 1,773 to Rs 1,780. Domestic LPG cylinders have been spared from this increase.
In Mumbai, the cylinder price has gone up from Rs 1,733.50 to Rs 1,740.50, in Chennai, the price has increased from Rs 1,945 to Rs 1,952, and in Kolkata, the price has gone up from Rs 1,895 to Rs 1,902.
Prior to this hike, there had been two consecutive price cuts. In May, OMCs reduced the price of a commercial LPG cylinder by Rs 172, and in June, the price was reduced by Rs 83. On June 1st, the prices of commercial LPG cylinders were slashed by Rs 83.50 to Rs 1,773 per unit of 19 kg.
However, the prices of domestic cylinders remain unchanged. Oil marketing companies generally revise the LPG prices at the beginning of each month. These prices vary from state to state depending on the local taxes.
In May, petroleum and oil marketing companies cut the commercial LPG cylinder prices by Rs 171.50. In April, the prices were decreased by Rs 91.50 per unit. On March 1st this year, the companies had hiked the prices of commercial LPG cylinders by Rs 350.50 and domestic LPG cylinders by Rs 50.
The last time the prices of commercial cylinders were reduced was on September 1st last year, when they were reduced by Rs 91.50. On August 1st, 2022, the prices of commercial LPG cylinders were also reduced by Rs 36.
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