Commercial LPG rates have risen by Rs 1,303 in three increases. The prices of domestic cooking gas LPG has remained unchanged.
The cost of commercial LPG on Friday was raised by the highest ever Rs 993 for a 19-kg cylinder, marking the third consecutive monthly rise due to increasing global energy prices associated with the West Asia conflict.
A 19-kg commercial LPG, utilized by businesses like hotels and restaurants, now has a record price of Rs 3,071.5 in Delhi compared to Rs 2,078.50 before.
Rates saw their latest hike of 195.50 per cylinder on April 1. Before that, the cost increased by Rs 114.5 for a 19-kg cylinder on March 1.
Commercial LPG rates have risen by Rs 1,303 in three increases. The prices of domestic cooking gas LPG has remained unchanged. Domestic LPG rates were last hiked by Rs 60 per 14.2 per kg cylinder on March 7.
The state owned Indian Oil corporation, Bharat Petroleum, and Hindustan Petroleum revise ATF and LPG prices on the first day of every month based on International benchmarks and the exchange rate.
As per the reports, global oil prices have increased almost 50 percent after the war in West Asia disrupted energy supply chains.
Petrol and diesel prices continue to remain frozen after a Rs 2 per-litre reduction in March last year. According to the current scenario, the petrol costs Rs 94.72 per litre in Delhi and Diesel Rs 87.62.
