On Thursday, cooking gas LPG prices increased by Rs 3.50 for the second time this month, pushing LPG cylinder prices across the country above Rs 1,000.
From today, 14.2 kg domestic LPG cylinders will cost Rs1,003 in Delhi and Mumbai, Rs 1,029 in Kolkata, and Rs 1,018.5 in Chennai.
Gas prices were raised by 50 Rs earlier on May 7, causing the cost of an LPG cylinder to exceed Rs 1,000. The domestic LPG cylinder price in Delhi has risen to 1,003 from Rs 809 in the last year.
About Commercial LPG Cylinder:
A 19 kg LPG cylinder is now being sold for ₹2,354 in Delhi; 2,454 in Kolkata, 2,306 in Mumbai and 2,507 in Chennai. Earlier this month, the price of commercial LPG cylinders – the one used by establishments like hotels and restaurants – was increased. On May 1, the price of a 19-kg commercial LPG cylinder was increased by ₹102.50 to ₹2,355.50. In the last year, the rate of commercial cylinders has reportedly gone up by ₹750.
LPG Prices under this regime:
The increase in LPG cylinder prices comes as consumer price index-based retail inflation reached 7.8 percent in April, the highest level since the Narendra Modi-led National Democratic Alliance (NDA) government took power in May 2014.
The increase is also attributed to increased geopolitical tensions, as well as an increase in transportation costs due to a rise in fuel prices.