OMCs Hike 19-kg LPG Cylinder Price by ₹48.50: Third Consecutive Increase in Three Months

Oil marketing companies (OMCs) announced a price hike for the 19-kg commercial LPG cylinder on October 1, 2024, increasing the cost by ₹ 48.50. As a result, the price of a 19-kg LPG cylinder in Delhi has risen to ₹1,740 from ₹1,691.50. This adjustment represents the third consecutive increase within the last three months, following previous hikes of ₹6.5 per cylinder on August 1 and ₹39 on September 1.

In total, these three rounds of increases have resulted in a cumulative rise of ₹94 per cylinder, overshadowing four previous months of price reductions, during which rates were decreased by ₹148 per 19-kg cylinder. The current prices for commercial LPG vary across major cities, with the 19-kg cylinder costing ₹1,692.50 in Mumbai, ₹1,850.50 in Kolkata, and ₹1,903 in Chennai.

It is noteworthy that the price of cooking gas for domestic households remains unchanged at ₹803 per 14.2-kg cylinder. State-owned companies, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), revise LPG prices on the first of every month. These revisions are based on the average price of benchmark international fuel and foreign exchange rates.

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Additionally, the price of a 5-kg Free Trade LPG cylinder has seen an increase of ₹12.

[Disclaimer: The information presented in this article reflects the LPG price changes as of October 1, 2024, and is subject to fluctuations based on market conditions and international fuel prices.]