Commercial LPG cylinder prices remained unchanged on Thursday after oil marketing companies (OMCs) introduced steep hikes earlier this month, while domestic cooking gas rates remained steady in major cities.
As per the latest revision of Indian Oil Corporation, the price of 19kg commercial LPG cylinder in Delhi ₹3,071.50. There is a rate in Mumbai ₹3,024 while in Kolkata and Chennai it does ₹3,202 a ₹3,237, respectively
The latest revision took effect on May 1. OMCs increased rates by ₹993 for 19kg commercial bottles used by restaurants, hotels and other businesses.
The domestic LPG cylinder weighing 14.2 kg is still standing ₹913 in Delhi, ₹912.50 in Mumbai, ₹939 in Calcutta and ₹928.50 in Chennai.
Indian Oil had earlier said there was “no rate revision on key fuels that would affect the general public”, according to a Business Today report, adding that domestic LPG prices for nearly 33 million consumers remained unchanged.
Commercial LPG prices revised monthly
Commercial LPG cylinder prices are revised on the first day of each month based on international reference prices and exchange rate movements. Domestic LPG prices are revised separately.
The latest increase follows earlier increases in commercial LPG cylinder prices over the past few months. In Delhi, the price of a 19kg commercial LPG cylinder was ₹1,884.50 in March, ₹2,078.50 in April and then rose to ₹3,071.50 in May, according to publicly available price data.
No shortage of LPG, fuel supply stable: Govt
The government on Wednesday said it was making “all possible efforts” to ensure uninterrupted supply of LPG, crude oil and natural gas amid the ongoing crisis in West Asia, warning against panic buying at fuel retail outlets, as reported by ANI.
Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) in the Ministry of Petroleum and Natural Gas said at an inter-ministerial briefing, “Our imports are affected by the crisis in West Asia, be it LPG, crude or natural gas. However, the Indian government is trying to ensure that domestic supply and domestic LPG consumers have 100% supply.”
She added that “70 percent of commercial supplies are secured” even as authorities continue efforts to maintain stable fuel availability across the country.
Regarding commercial and transport fuel supply, Sharma said that “about 15,900 tonnes of commercial LPG was sold in the last two days” while “876 tonnes of automotive LPG was sold by PSUs to OMCs”.
The official also said that “more than 1,20,000 5 kg bottles have been sold in the last two days” as part of efforts to improve the availability of cooking fuel.
