The prices for commercial liquefied petroleum gas were increased by Rs 993 from Friday amid rising global energy rates triggered by the conflict in West Asia, reported ANI.
A 19-kg commercial LPG cylinder is now priced at Rs 3,071.5 in Delhi and Rs 3,024 in Mumbai.
The rates for commercial cylinders were last increased by Rs 195.5 on April 1.
The rates for domestic cylinders have been kept steady. A 14.2 kg cylinder costs Rs 913 in the national capital.
State-owned Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum revise the prices of LPG and Aviation Turbine Fuel on the first day of every month based on international benchmarks and the exchange rate.
Energy supplies to India have been disrupted since the conflict in West Asia broke out on February 28. Iran has effectively blocked the Strait of Hormuz, through which about 20% of global petroleum liquids supply passes, for most commercial ships.
This has affected LPG supplies in India. India imports 88% of its crude oil needs and about half of its natural gas requirement. This mostly comes through the Strait of Hormuz.
On Friday, the Indian Oil Corporation said that petrol and diesel prices were kept unchanged to insulate “domestic consumers from the recent increase in international fuel prices”, ANI reported.
Retail prices of petrol and diesel have been kept unchanged for consumers, who account for nearly 90%...
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