LPG Price Hike: Gas became expensive before Holi, increase in the price of domestic and commercial cylinders

Before Holi, oil companies have increased the prices of gas, giving a big blow to the consumers. The prices of both commercial and domestic gas cylinders have increased. Domestic gas prices have increased after eight months. The rate of domestic cylinder has been increased by Rs 50, while the price of commercial cylinder has increased by more than Rs 350. There was no increase in the price of gas last month. Commercial gas cylinders were getting cheaper in recent months. As far as LPG prices are concerned, domestic LPG cylinder prices were stable since 6 July 2022. Now after two months, the price of commercial gas cylinder has increased by Rs 350 at once.

LPG Cylinder New Rate After the price hike, commercial LPG cylinder in Delhi will be available for Rs 2119.5 instead of Rs 1769. Its price in Kolkata has increased from Rs 1870 to Rs 2221.5 now. Gas cylinder in Mumbai has increased from Rs 1721 to Rs 2071.50 now. In Chennai, the cylinder will now be available for Rs 2268, earlier it was Rs 1917.

Domestic LPG prices vary from state to state due to local taxes. Retail fuel sellers revise LPG cylinder prices at the beginning of every month. The government provides 14.2 kg cylinders to eligible families at subsidized rates. Under the Direct Benefit Transfer scheme, consumers get LPG cylinders at a subsidized rate. However, the subsidy depends on several factors like foreign exchange rates, crude oil prices.