LPG price hike: Govt increases commercial cylinder rates

This is the second time in two months that the prices of LPG cylinders were increased.

State-run oil marketing companies Indian Oil Corporation (IOC), Bharat Petroleum Corporation, and Hindustan Petroleum Corporation have revised the prices of commercial 19kg LPG cylinders up to Rs 101.5 in the four metros with effect from November 1, 2023.

After the revised rate, a 19-kg commercial LPG cylinder will now cost Rs 1,833 instead of Rs 1,731 in Delhi. In Mumbai, it will be available at Rs 1,785.50. In Kolkata it will be priced at Rs 1,943 per cylinder and Rs 1,999.50 per cylinder in Chennai.

This is the second time in two months that the prices of LPG cylinders were increased.

On October 1, the price was increased by Rs 209 per cylinder.

LPG is popularly used as a motor fuel, cooking gas, for heating as well as refrigeration purposes and even for certain high-end industrial processes.

Earlier this year in August, the Union Cabinet announced a reduction in prices of liquefied petroleum gas (LPG) for all 330 million users in the country.

“All domestic consumers of LPG cylinders to get Rs 200 subsidy per cylinder. Further, users under the PM Ujwala scheme will get this subsidy on top of the existing subsidy," Union Information and Broadcasting Minister Anurag Thakur said at a Cabinet briefing on August 29.

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