Domestic LPG and commercial cylinder prices rose sharply $60 and $114.5 respectively amid rising energy costs associated with the conflict in West Asia.
Unsubsidized LPG, the gas that ordinary household users other than Ujjwala beneficiaries use in their kitchens, will now cost more. $913 per cylinder 14.2 kg in delhi vs $853 previously, according to the Indian Oil Corporation website. This is the second price increase in less than a year.
Industry officials said this increase comes in the wake of the sharp rise in global energy prices since the outbreak of military conflict in West Asia.
They said that despite the high prices, the price of cooking gas in India is the lowest compared to neighboring countries.
The website showed that the price increase will take effect from March 7.
This is the second increase in interest rates in 11 months. Prices were last raised by $50 in April last year.
In Mumbai, the cost of LPG is now unsubsidised $912.50, $939 in Kolkata and $928.50 in Chennai, according to the International Olympic Committee website.
Prices vary from state to state depending on the local sales tax or value-added tax rate.
Beneficiaries of the Ujjwala Yojana, over 10 crore poor people who have received free LPG connections since the program was launched in 2016, will continue to get support $300 per 14.2 kg drum for up to 12 packages per year.
The price of commercial liquefied petroleum gas, which is used by establishments such as hotels and restaurants, also increased by a percentage $114.5 per cylinder 19 kg. It costs now $1883 in Delhi. This increase comes on top $28 per cylinder 19 kg increase on March 1.
Commercial liquefied petroleum gas prices rose by $302.50 this year.
