LPG Price: Oil companies have once again raised the cost of 19 kg commercial LPG cylinders, which are primarily used in hotels, restaurants, and various commercial venues. The price of these cylinders, which can only be obtained by presenting an ID, has also seen an increase. Let’s delve into the details.
What cylinder are we discussing?
In fact, the 5 kg Chotu LPG cylinder has become pricier. On Tuesday, oil companies raised the price of the 5 kg market price LPG cylinder by Rs 2. Consequently, the cost of the 5 kg cylinder has risen from Rs 762 to Rs 764. These new prices took effect on September 1. These cylinders cater to individuals who lack proof of local address or those who consume less gas. Customers can obtain a new Chotu gas connection simply by providing an ID proof, meaning no additional gas connection is necessary.
Customers have the flexibility to use the “Chhotu” gas cylinder in any city they choose. It can be purchased from a network of distributors, retail outlets, select grocery stores, and certain local supermarkets. Returning the cylinder after use earns ₹500.
What is the increase in the price of the commercial cylinder?
The cost of a commercial LPG cylinder has been raised from ₹2,738 to ₹2,747.50 for a 19-kilogram cylinder, marking an increase of ₹9.50 per cylinder. This price hike comes after two consecutive months of price cuts. The 19-kilogram cylinder saw a reduction of ₹192 on August 1st and ₹183.50 on July 1st. Both reductions in July and August followed record-high prices in June, which were influenced by the West Asia crisis. It’s important to note that since the conflict began in late February, the price of a 19-kilogram LPG cylinder surged by ₹1,373, rising from ₹1,740.50 in February to ₹3,113.50 in June.
The price of domestic LPG for cooking remained unchanged at Rs 942 for a 14.2 kg cylinder. The price of domestic LPG was last increased by Rs 29 on June 7 for a 14.2 kg cylinder. The prices were increased by Rs 60 in March after the West Asia crisis disrupted supplies and caused a spike in international energy prices. It should be noted that LPG prices are revised on the first of every month. This revision is based on international market reference prices and foreign exchange rates. Prices vary from state to state due to local taxes, such as Value Added Tax (VAT).
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