New Delhi: The price of commercial LPG saw an unprecedented increase of Rs 993 per 19-kg cylinder on Friday, marking the third consecutive monthly hike driven by rising global energy prices linked to the West Asia conflict. A 19-kg commercial LPG cylinder, widely used by hotels and restaurants, is now priced at Rs 3,071.5 in Delhi, up sharply from Rs 2,078.50 earlier.
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This latest hike follows an increase of Rs 195.50 per cylinder on April 1. Before that, prices had already been raised by Rs 114.5 per 19-kg cylinder on March 1. With three successive revisions, commercial LPG prices have cumulatively risen by Rs 1,303.
In contrast, domestic LPG used in household kitchens has not been revised in the latest cycle. Prices were last increased on March 7, when a Rs 60 hike was implemented for a 14.2-kg cylinder. A 14.2-kg domestic LPG cylinder currently costs Rs 913 in Delhi.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise prices of ATF and LPG on the first day of every month, aligning them with international benchmarks and currency movements.
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Global crude oil prices have surged by nearly 50 percent following disruptions caused by the ongoing war in West Asia, which has strained energy supply chains.
