The Oil Marketing Companies (OMCs) on Sunday hiked the prices of commercial LPG cylinders by 209 per cylinder in its monthly revision of prices. The 19 kg cylinder would now cost Rs1,731.50 from 1,522.50 in Delhi from October 1.

Commercial LPG cylinders price was increased by 209 per unit (Representative Photo)

Prices for the commercial cylinder in Mumbai, Kolkata, and Chennai have been revised at Rs1,684; Rs1,839.50; and Rs1,898, respectively.

The hike of 209 has come after two successive reductions of 250 (approx) in August and September. The price of both commercial and domestic LPG cylinders undergoes monthly revisions on the first day of each month.

Meanwhile, prices of 14.2 kg domestic cooking gas cylinders have remained unchanged. Prices of domestic LPG cylinders were last revised in August when they were slashed by 200 per cylinder. At present, a 14.2 kg LPG cylinder is being sold at 903 in Delhi, 929 in Kolkata, 902.50 in Mumbai, and 918.50 in Chennai respectively.

Meanwhile, for Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries, the price drop of an LPG cylinder is pegged at 400— 200 as a price cut and 200 as an existing subsidy. A 14.2 kg LPG cylinder costs 703 in Delhi, 729 in Kolkata, 702.50 in Mumbai, and 718.50 in Chennai, respectively for beneficiaries of the Ujjwala Yojana.

Earlier, the union cabinet approved an additional 75 lakh new LPG connections under the Ujjwala scheme, which will be given in the next three years. The total cost on these connections will come to 1,650 crore.

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise cooking gas and ATF prices on the 1st of every month based on the average international price in the previous month.

“Exciting news! Hindustan Times is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!” Click here!

Source link