LPG price hike: In yet another blow to the common man, petroleum and gas retailing firms have hiked the prices of 19 kg commercial LPG cylinders by Rs 73.5. The rates of 14.2 kg domestic cylinders have remained unchanged. The latest price revision will come into effect from Sunday (August 1).
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.
With the latest hike in the prices, a 19 kg LPG gas cylinder is now retailing at Rs 1623.00 in Delhi while the rate of the commercial cylinder has been increased to Rs 1579.50 in Mumbai.
Meanwhile, the price of the 19 kg LPG gas cylinder has been increased to Rs 1629.00 and Rs 1761.00 in Kolkata and Chennai, respectively. Oil and gas companies revise the prices of cooking gas on the 1st of every month.
While the rates of the domestic LPG cylinder has remained unchanged in August 2021, the prices were increased on the 1st of July by Rs 25.50. With the price hike in July, the price of 14.2 kg domestic LPG cylinder now stands at Rs 834.50 in Delhi, Rs 834.50 in Mumbai, Rs 861 in Kolkata, and Rs 850.50 in Chennai.
Last month, oil companies had hiked the price of domestic cylinders by ₹25.5, but it was spared this month.
The non-subsidized 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.
Meanwhile, the Petrol prices too went drastically up over the recent months, with the fuel rate crossing ₹100 per litre in several major cities across the country. However, the petrol and diesel prices have remained unchanged across the four metro cities for the past two weeks. Fuel rates vary across states due to the different tax rates, but petrol and diesel prices are currently the highest in Mumbai among all four metro cities.