Commercial LPG Cylinder Prices Jump, Households Get Temporary Relief

The state-owned companies have increased the rate of commercial LPG by Rs 195.50 on Wednesday for the 19-kg cylinder. The rate of the domestic LPG cylinders, however, remains the same.

The commercial LPG cylinders are being sold at increased rates owing to the hike in global oil prices, which is caused by the ongoing war in West Asia. The 19-kg commercial LPG cylinders are now being sold at Rs 2,078.50, as per the new rate. The state-owned companies have already increased the rate of the 19-kg commercial LPG cylinders by Rs 114.50 on March 1.

However, the government has not made any changes to domestic LPG prices. The 14.2-kilogram cylinder was last increased by ₹60 on March 7. This cylinder is now available in Delhi for ₹913.

State-owned Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum revise the prices of aviation turbine fuel (ATF) and LPG on the first of every month based on international benchmarks and exchange rates.

Global oil prices have risen by nearly 50 percent due to disruptions in energy supply chains caused by the war in West Asia. This effect is also being seen on LPG prices.

Petrol and diesel prices have remained unchanged for the time being. These rates have remained stable since a ₹2 per liter reduction in March last year. Petrol currently costs ₹94.72 per liter in Delhi, while diesel is selling for ₹87.62 per liter. This price increase could be a cause for concern for businesses and small industries, which will be directly affected by the increase in energy costs.