LPG Cylinder Price Today: Will the price of gas cylinder increase or will there be relief, know today’s new rate…

Business Desk – LPG Cylinder Price Today: There has been no change in the prices of domestic LPG (LPG) cylinders across the country today i.e. even on July 10. The rates of 14.2 kg domestic cylinder have remained stable for many days. In such a situation, consumers have definitely got relief, but the rising prices of crude oil in the international market have increased concerns about the future. It is believed that if the rise in crude oil continues in the global market, then oil companies may review the prices of gas cylinders again in the coming days.

Commercial cylinder became cheaper on July 1

The prices of domestic cylinders may not have changed, but on July 1, there was a big reduction of Rs 183.50 in the price of 19 kg commercial LPG cylinder. After this, the rate of commercial cylinder in Delhi came to Rs 2930. Whereas the price of domestic LPG cylinder remains at Rs 942 per cylinder in Delhi. Hotels, restaurants and small businessmen got relief from this deduction.

From Delhi to Mumbai, know what is the gas cylinder rate in your city today.

In the capital Delhi, domestic LPG cylinder is available for Rs 942, while commercial cylinder is available for Rs 2930. In Mumbai, domestic cylinder is available for Rs 941.50 and commercial cylinder for Rs 2885.50. In Kolkata, domestic cylinder costs Rs 968 and commercial cylinder costs Rs 3082.

In Chennai, domestic cylinder is available for Rs 957.50 and commercial cylinder for Rs 3106. In Chandigarh, domestic cylinder is priced at Rs 951.50 and commercial cylinder is priced at Rs 2954.50. In Dehradun, domestic cylinder is available for Rs 961 and commercial cylinder for Rs 2983.50.

In Hyderabad, domestic cylinder is priced at Rs 934 while commercial cylinder is priced at Rs 2052.50. In Ghaziabad and Noida, domestic cylinder is available for Rs 968 and commercial cylinder for Rs 3115. In Thiruvananthapuram, domestic cylinder costs Rs 939.50 and commercial cylinder costs Rs 2930.

6% rise in crude oil, fear of gas cylinder becoming expensive increases

There was a rise of about 6 percent in the prices of crude oil in the international market on Wednesday. The main reason for this is believed to be the increasing tension between America and Iran and the uncertainty regarding the ceasefire.

During this period, the price of Brent crude increased by 5.2 percent to $ 78.02 per barrel and for some time during trading it even crossed the level of $ 80 per barrel.

The impact of this boom in the energy market is not limited to crude oil only, but can also affect the cost of LPG and other petroleum products. This is the reason why the eyes of the market are fixed on the oil companies regarding the prices of gas cylinders in the coming days.

Can domestic LPG cylinder become expensive next month?

Experts believe that if the prices of crude oil and LPG remain at high levels in the international market, then government oil companies may change the prices of gas cylinders in the next price review. Although no increase has been indicated by the companies yet, the current market situation may affect the prices in future.

How do oil companies decide the price of gas cylinder?

Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) periodically review crude oil and LPG prices in the international market, dollar-rupee exchange rate, transportation costs and other expenses. On the basis of all these factors, new prices of domestic and commercial LPG cylinders are decided.

At present, domestic consumers are definitely getting relief, but if the rise in crude oil continues in the global market, then there may be a change in the prices of gas cylinders in the coming time. In such a situation, all eyes will be on the next price review.