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LPG Price Hike: Prices of 19-kg commercial LPG cylinders were raised from Tuesday, April 1. The hike comes amid the ongoing West Asia conflict and volatility in global energy markets.
The increase adds to cost pressure for industries already dealing with supply constraints.
OMCs have raised prices of 19-kg LPG cylinders by up to Rs 218 per cylinder. The revised rates are effective from today. However, domestic LPG cylinder prices remain unchanged.
In Delhi, the price has been increased by Rs 195.50, taking the cost of a 19-kg commercial cylinder to Rs 2,078.50. In Kolkata, the hike stands at Rs 218. In Bengaluru, a cylinder now costs Rs 2,161.
This is the second increase since the conflict escalated on February 28. Prices were last raised by Rs 114.50 per cylinder on March 1.
The increase comes despite the Delhi government raising allocation of commercial LPG cylinders to 50 per cent of average daily consumption. Supplies were increased from 1,800 to 4,500 cylinders per day, in line with directions from the Centre.
Food and supplies minister Manjinder Singh Sirsa had earlier said the enhanced quota would ensure uninterrupted supply to essential services, hotels, industries and migrant labourers. He urged people not to panic, stating that the situation remains under control.
Under the revised allocation policy, hotels, restaurants, and food units get the largest share at 75 per cent. Essential services such as hospitals and transport hubs get 5 per cent. Government institutions, caterers, sports facilities, and industrial units receive smaller allocations. A separate social quota has been set aside for migrant labourers.
State-run oil companies including Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum revise LPG prices on the first day of every month, based on international benchmarks and exchange rate movements.
Since the West Asia conflict began, global crude oil prices have surged nearly 50 per cent. This has disrupted supply chains and increased input costs.
Premium petrol and diesel variants have also seen price increases. In Delhi, 100-octane petrol (XP100) has been raised from Rs 149 to Rs 160 per litre. Premium diesel ‘Extra Green’ has increased to Rs 92.99 per litre from Rs 91.49.
Meanwhile, domestic LPG cylinder prices remain unchanged. Petrol and diesel retail prices also stay frozen after last year’s Rs 2 per litre cut.