Commercial LPG, which is used in various establishments such as hotels and restaurants, has become costlier from Sunday, as oil marketing companies (OMCs) have hiked the price of a cylinder by Rs 39 from September 1 in Delhi. With this, the rate of a commercial LPG cylinder in Delhi now stands at Rs 1,691.5, as compared with Rs 1,652.5 earlier.
The price hike came after a series of rate reductions — Rs 30 cut in July, Rs 69.5 per cent decrease in June, and Rs 19 fall in May.
Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) adjust cooking gas prices on the 1st of every month.
While the specific reasons for the price hike have not been disclosed, factors such as international oil price fluctuations, changes in taxation policies, and supply-demand dynamics likely influence these adjustments. Revisions for both commercial and domestic LPG cylinders typically occur on the first day of each month.
The government promotes using LPG cylinders for household cooking through various schemes like the Pradhan Mantri Ujjwala Yojana, which provides subsidies to eligible families.
In the previous revision on August 1, the price in Delhi was increased by Rs 6.50 to Rs 1,652.50 from Rs 1,646. In Kolkata, the price increased by Rs 8.50, bringing the cost to Rs 1,764.50. In Mumbai, the price was Rs 1,605, while in Chennai, it stood at Rs 1,817.
Meanwhile, the price of jet fuel, or the aviation turbine fuel, has been reduced from Rs 97,975.72 Kl to Rs 93,480.22 Kl, with effect from September 1, 2024.
Comments
0 comment