Public sector Oil Marketing Companies (OMCs) have announced the revised prices for Liquefied Petroleum Gas (LPG) for the month of April. 2 kg), providing relief to household consumers. However, the prices of commercial LPG cylinders (19 kg) have been hiked by over ₹200. This marks the fifth increase in commercial cylinder rates within the current calendar year.
Stability in Domestic LPG Cylinder Prices
Domestic LPG consumers can breathe a sigh of relief as prices remain unchanged across all major metros. Following a hike of ₹60 on March 7, the price in Delhi was set at ₹913 per cylinder. 50 in Chennai. According to officials, despite ongoing supply chain challenges, the government and oil companies have opted to maintain price stability for domestic households.
Significant Surge in Commercial LPG Rates
Commercial LPG cylinders have witnessed a sharp price increase ranging from ₹195 to ₹218 this month. 50. Kolkata saw the highest jump of ₹218, with prices crossing the threshold to reach ₹2208.50 per cylinder.
Supply Constraints and Government Directives
Amid reports of supply constraints, the government is actively briefing the public on availability. Officials have urged citizens not to engage in panic booking. Also, a specific appeal has been made to consumers who have Piped Natural Gas (PNG) connections at their residences. The authorities have requested these individuals to surrender their LPG cylinders to help manage the overall supply and ensure that gas reaches those without alternative cooking fuel options.
Cumulative Price Hikes in the Current Year
The first four months of the current year have seen a cumulative increase of nearly ₹500 in commercial LPG prices. In Delhi, the total hike for the year stands at ₹498, while Kolkata has seen a total increase of ₹524.5 and ₹507 respectively. Industry experts attribute these frequent adjustments in the commercial segment to the volatility of international fuel prices and import costs.