India Increases Commercial LPG Prices by ₹933 Amid Rising Oil Costs
Commercial LPG price hiked by ₹933 per cylinder, steepest increase
Business Standard
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On May 1, India raised the price of commercial liquefied petroleum gas (LPG) cylinders by ₹933, marking the largest hike ever. A 19-kg cylinder now costs ₹3,071.50 in Delhi, while domestic LPG prices remain unchanged. This adjustment reflects surging international energy costs and is part of broader fuel price revisions.
- 01Commercial LPG prices increased by ₹933 per cylinder, the highest ever in India.
- 02A 19-kg commercial LPG cylinder now costs ₹3,071.50 in Delhi.
- 03Domestic LPG prices remain unchanged at ₹913 per cylinder.
- 04Bulk diesel prices rose by ₹12 per litre, while aviation turbine fuel (ATF) for international flights increased by $76.55 per kilolitre.
- 05The government has reduced export duties on diesel and ATF to ensure domestic availability.
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On May 1, India's oil marketing companies (OMCs) implemented a ₹933 increase in the price of commercial liquefied petroleum gas (LPG) cylinders, bringing the cost of a 19-kg cylinder to ₹3,071.50 in Delhi. This price hike is attributed to rising international crude oil prices. While commercial LPG prices have surged, domestic LPG cylinder prices remain stable at ₹913. Additionally, bulk diesel prices have increased by ₹12 per litre, and the price of aviation turbine fuel (ATF) for international flights has risen by $76.55 per kilolitre, now costing $1,511.86 per kl. The Ministry of Petroleum and Natural Gas (MoPNG) stated that these price adjustments are part of routine market-linked revisions affecting primarily commercial and industrial segments. The government also reduced export duties on diesel and ATF to ensure domestic supply, reflecting concerns over availability amidst the ongoing crisis in West Asia.
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The steep increase in commercial LPG prices will affect businesses relying on gas for operations, potentially leading to higher costs for consumers.
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