Commercial LPG cylinder becomes costlier by Rs 195, domestic LPG price remains the same

New Delhi, 1 April. Amid the ongoing crisis in the Middle East, the rise in the price of crude oil has led to a rise in oil and gas prices across the world. In this sequence, oil marketing companies in India have today increased the price of 19 kg commercial LPG cylinder. Its price in Delhi has been increased by Rs 195.50. But there has been no change in the price of 14.2 kg cylinder used in homes. Last month, on March 7, its price was increased by Rs 60.

Relief to domestic consumers due to PM Modi’s commitment

The central government says that as per the commitment of Prime Minister Narendra Modi, the price of gas has not been increased for domestic consumers. There has been no change in the price of 14.2 kg cylinder and its price in Delhi is Rs 913. Similarly, for the beneficiaries of Ujjwala scheme, its price has been kept at Rs 613.

Loss of ₹380 on every cylinderStill did not increase the price

The government says that at this price, oil marketing companies are incurring a loss of Rs 380 on each cylinder, yet the price of LPG cylinder in the country is lower than that of Nepal, Pakistan and Bangladesh.

Government’s clarification on increase in the price of commercial cylinders

The Petroleum Ministry said in a post on Twitter that the government does not control the price of commercial LPG cylinders and it is determined by the market. It is used in industries and hotels and its price is revised on the 1st of every month. The share of commercial LPG in the total LPG consumption in the country is only 10 percent.

The ministry’s statement said that the sharp rise in international oil prices is the reason for the latest increase in the price of commercial cylinders. Saudi contract prices have increased by 44 percent in April compared to March. It was $542 a tonne for March, which reached $780 a tonne for April. The movement of ships through the Gulf of Hormuz has been affected due to the Iran war. Due to this, 20 to 30 percent of the global LPG supply is stuck.

  • The current price of 14.2 kg cylinder in India is Rs 913.
  • The government is incurring a loss of Rs 380 on every cylinder.
  • The total loss may reach around Rs 40,484 crore by May.
  • Last year the government’s total deficit was ₹60,000 crore.
  • Compared to many neighboring countries, cylinders are cheaper in India.
  • Price in Pakistan ₹1,046, Sri Lanka ₹1,242 and Nepal ₹1,208.

Comments are closed.