Centre hikes commercial LPG prices by Rs 993 amid global energy crisis
NEW DELHI: The Centre on Friday increased the 19 kg commercial cylinder price by Rs 993 across the country, news agency ANI reported, citing sources.There is no change in domestic cylinder prices. A 19 kg commercial cylinder will now cost Rs 3,071.50 in Delhi.The price increase comes amid broader discussions around India’s energy supply situation, particularly as tensions in West Asia raise concerns about potential disruptions in global oil routes.Indian oil corporation said that the retail prices of petrol, diesel, and domestic LPG (14.2 kg cylinders) have remained unchanged, fully insulating domestic consumers from the recent increase in international fuel prices.“No change in prices of domestic LPG (14.2 kg) for 33 crore domestic LPG consumers. No change in ATF prices for domestic airlines (scheduled operations),” IOC said.“Overall, approximately 80% of petroleum products have witnessed no change in prices, ensuring stability for the majority of consumers. Prices of Bulk and commercial LPG cylinders (less than 1% of total consumption) have been revised. Prices of Bulk Diesel and ATF for international airline operations have been adjusted upward. At the same time, around 4% of petroleum products have seen a downward revision, reflecting the dynamic nature of global price movements,” it added. It said that the measures reflect the calibrated and balanced approach adopted by OMCs, under the guidance of the ministry of petroleum and natural gas, to align with global market trends while protecting domestic consumers and ensuring economic stability.This is a developing story.
