OIL & GAS

Commercial LPG cylinders now costlier by ₹73.5, cooking gas rates unchanged

A commercial LPG cylinder in India is now costlier by ₹73.5, according to the latest price revision for August 1, posted on the official website of Indian Oil. However, even though the price of a 19-kg commercial LPG cylinder saw a hike, there has been no increase in the price of the 14.2-kg domestic gas cylinders that are used in households for cooking.

Oil companies usually revise the price of LPG cylinders on the first date of every month. With the latest revision, a commercial 19-kg LPG cylinder in the national capital Delhi now costs ₹1,623, a significant hike from the earlier rate of ₹1,500. In Mumbai, the same cylinder now costs ₹1,579.5, while in Kolkata, it is priced at ₹1,629. Perhaps the highest of these prices among all the major metropolitan cities is in Chennai, where the same 19-kg LPG cylinder now costs ₹1,761 with the latest revision.

Last month, oil companies had hiked the price of domestic cylinders by ₹25.5, but it was spared this month.

The non-subsidised prices for domestic gas cylinders have been increasing over the past several years. While a 14.2-kg domestic LPG cylinder in Delhi cost ₹487 on August 1, 2016, the same costs ₹834.5 now. The price of the same cooking gas cylinder costs ₹861 in Kolkata now, while the same is being sold at a rate of ₹834.5 in Mumbai and ₹850.5 in Chennai.

Source
Hindustan Times
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