March Price Blitz: LPG Cylinder Costs Hit New Heights, Wallets Suffer

In a significant development impacting businesses and commercial entities, state-run oil marketing companies (OMCs) have implemented a notable price hike for commercial LPG gas cylinders. Effective from March 1, 2024, the prices of 19 kg commercial LPG cylinders have been increased by ₹25 across various cities in India. This decision comes as the second consecutive price hike in recent months, with the previous adjustment occurring on February 1. The rationale behind these revisions is attributed to the fluctuations in the average international prices of liquefied petroleum gas, influencing domestic rates. As of the latest update, the retail prices of 19 kg commercial gas cylinders stand as follows in key cities: - Delhi: ₹1,795 - Mumbai: ₹1,749 - Kolkata: ₹1,911 - Chennai: ₹1,960.50 It's essential to note that these prices may vary depending on the distributors, as mentioned by the Indane website. Contrastingly, while commercial gas prices experience a surge, domestic LPG cylinder prices remain stable across major cities, including Delhi (₹903), Kolkata (₹929), Mumbai (₹902.50), and Chennai (₹918.50). This adjustment in commercial LPG gas prices underscores the dynamic nature of the energy market and reflects the efforts of state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) to align domestic rates with global trends. As state-owned oil companies continue to monitor and adjust rates based on the average international prices in the preceding month, businesses and consumers alike are advised to stay informed about any further developments in gas prices.#nationalgossip