LPG Price Hike: Domestic Cylinders Up ₹60, Commercial Soars ₹114.50
LPG prices see significant increase amid West Asia conflict impact.
Top Summary
- What happened: Domestic LPG cylinder prices increased by ₹60 and commercial cylinders by ₹114.50.
- Why it matters: Rising global energy prices, influenced by the conflict in West Asia, are impacting household budgets.
- What changes for people: Non-subsidized LPG now costs ₹913 per 14.2-kg cylinder in Delhi. Commercial users will face higher operational costs.
- Who is affected: Common household users (excluding Ujjwala beneficiaries) and commercial establishments like hotels and restaurants.
LPG Prices Surge Across India
Domestic LPG prices have seen a sharp increase. This impacts household budgets across the country.
Commercial LPG prices have also risen significantly. This will affect businesses.
The hike is attributed to rising energy costs. The conflict in West Asia is a major factor.
New Rates and Regional Variations
In Delhi, the 14.2-kg non-subsidized LPG cylinder now costs ₹913. The previous price was ₹853.
Prices vary across states. This depends on local sales tax or VAT.
Here's how prices have changed in major cities:
- Mumbai: ₹912.50
- Kolkata: ₹939
- Chennai: ₹928.50
Commercial LPG Hikes
The price of commercial LPG has increased substantially. The 19-kg cylinder now costs ₹1,883 in Delhi.
This represents an increase of ₹114.50 per cylinder. The increase is effective from March 7.
Commercial LPG rates have risen by ₹302.50 this year.
Ujjwala Yojana and Subsidies
Ujjwala Yojana beneficiaries are protected. They will continue to receive a subsidy of ₹300 per 14.2 kg cylinder. This is applicable for up to 12 refills a year.
The scheme was launched in 2016. It provides free LPG connections to over 10 crore poor families.
Industry officials said the increase follows a steep rise in global energy prices since the breakout of military conflict in West Asia. Despite the price increase, cooking gas in India is priced at the lowest when compared with neighbouring countries, they said.
Recent Price Trends
This is the second increase in rates in 11 months. Prices were last hiked by ₹50 in April last year.
Commercial LPG also saw an increase on March 1. This was an increase of ₹28 per 19-kg cylinder.
What to Watch Next
The Cliff News will continue to monitor global energy prices and their impact on domestic LPG rates. Further analysis will explore the government's response to mitigate the impact on household budgets.