The recent announcement by petroleum and oil marketing companies has revealed that the prices of LPG cylinders, both commercial and domestic, have increased significantly. Commercial LPG cylinders have gone up by INR 350.50 per unit, while domestic LPG cylinders have been hiked by INR 50 per unit. This new pricing structure has gone into effect immediately, impacting consumers across the country.
In the national capital, Delhi, the revised rates mean that commercial LPG cylinders will now cost INR 2,119.50 per unit, representing a significant increase from previous prices. Similarly, domestic LPG cylinders will now be priced at INR 1,103 per unit. The price hike is expected to have a notable impact on households and businesses that rely on LPG cylinders for their daily needs.
This is the second time this year that commercial LPG cylinder prices have increased. On January 1, the prices were increased by INR 25 per unit, and this most recent announcement has added to the financial burden on consumers. The price increase is likely to be met with frustration and concern among consumers, particularly as it comes during a time of economic uncertainty and financial challenges for many households and businesses.
The increase in LPG cylinder prices can be attributed to various factors, including rising global oil prices, fluctuations in the exchange rate, and changes in the cost of production and transportation. While the oil marketing companies have cited these factors as the reason for the price hike, consumers are likely to feel the impact of these changes in their daily lives.
The recent announcement of the significant increase in LPG cylinder prices is likely to have a notable impact on households and businesses across the country. With the cost of living on the rise, consumers may need to adjust their budgets to accommodate the new pricing structure, further compounding the financial challenges faced by many during these uncertain times.
