India raises commercial LPG price again by Rs 105 per cylinder

Price of commercial LPG, used by hotels and other commercial establishments was raised by Rs 105 per 19 kg cylinder.  The price of a 19-kg commercial cylinder has been hiked to Rs 2,012 from Rs 1,907, according to price notification from state-owned fuel retailers. This is the second-highest rate, after Rs 2,101 per cylinder in December 2021.

The price of a commercial gas cylinder in Kolkata was increased by Rs 105 to Rs 2,089. In Mumbai, commercial gas will now cost Rs 1,962 with the hike of Rs 105. Chennai also saw a hike of Rs 105 with the price of a 19-kg commercial gas cylinder to Rs 2,185.5.

The price of 5 kg cylinder for commercial use has also increased by Rs 27 per cylinder. Now 5 kg cylinder will cost Rs 569 in Delhi. However, the rates of domestic cylinders remained the same as of now.

The rates of subsidised gas sold to households remained on freeze. The price of domestic cooking gas LPG, sold to households, has not been changed since October when it rose to Rs 899.50 per 14.2-kg cylinder. The hiatus in those rates came after criticism from the Opposition over prices being hiked by Rs 90 in the previous six months. Just like LPG, petrol and diesel prices too have been on a freeze since early November 2021.

LPG rates are revised on the 1st of every month based on the price of benchmark fuel in the previous month.

Just before February this year, in a span of five months, the commercial LPG price hike saw a hike in price for five times. The prices were last hiked on November 1, and before that on October 15. As per the notification, there was no increase in the prices of domestic cylinders that weigh 14.2kg, 5 kg, 10kg composite or 5kg composite cylinders. It is being speculated that fuel prices will be hiked once assembly elections in Uttar Pradesh and four other states end next week. The price of global crude has crossed the $ 100 a barrel mark.

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