New Delhi. Domestic LPG consumers have got relief on the festival of Diwali. There has been no change in the prices of 14.2 kg domestic LPG cylinder across the country. Its price is stable at Rs 942.50 in Delhi, Rs 979.50 in Lucknow and Rs 1,031.50 in Patna. However, since November 1, the price of 19 kg commercial cylinder has increased by Rs 10 to Rs 17. Due to this, the costs of people associated with hotel and restaurant business have increased.
Domestic cylinder prices according to cities
In the country's capital Delhi on Sunday, the price of 14.2 kg domestic cylinder was Rs 942.50. It is available in Noida for Rs 941.50. Its price in Mumbai is Rs 968, which is higher than Delhi and Noida. In Lucknow, the capital of Uttar Pradesh, domestic cylinder is available for Rs 979.50.
The price of domestic gas cylinder in Patna has crossed the Rs 1,000 mark. Here consumers have to pay Rs 1,031.50 for this. Its price in Hyderabad is around Rs 994 and in Bhubaneswar it is Rs 968.50. Whereas, domestic cylinder is available for Rs 951.50 in Chandigarh and Rs 944.50 in Karnataka.
Price of commercial cylinder increased again
The prices of 19 kg commercial LPG cylinder have increased from November 1. Now its price in Delhi and Noida has become Rs 2,820. It is available in Mumbai for Rs 2,775, which is less than Delhi. In Patna, one has to pay Rs 3,117.50 for a commercial cylinder, while in Bengaluru its price is Rs 2,909.
The price of commercial cylinder has become Rs 2,847 in Jaipur, Rs 2,843 in Chandigarh and Rs 2,838 in Gurugram. Its price in Lucknow is Rs 2,932. It is available in Hyderabad for Rs 3,081 and in Bhubaneswar for Rs 3,004.
Commercial cylinder prices increased for the third consecutive month
The prices of commercial gas cylinders have increased for the third consecutive month. Its price was increased by Rs 62.50 in Delhi in October. After this, with a further increase of Rs 10 in November, its price in Delhi has reached Rs 2,820. This continuous increase is affecting those businessmen who use large commercial cylinders for cooking.
Relief to domestic consumers as prices remain stable
There was no change in the price of domestic LPG cylinder during the price review this month. Oil marketing companies review gas prices on the 1st of every month. Their rates are decided on the basis of prices prevailing in the international market and the exchange rate of rupee-dollar. Apart from this, there is difference in cylinder prices due to local taxes in different states.
Common families have got relief as domestic gas prices remained stable during the festival of Diwali. On the other hand, the continuous increase in the prices of commercial cylinders remains a cause of concern for hotel and restaurant operators, as 19 kg cylinders are generally used in these businesses.
Government sets targets for LPG production
With the aim of maintaining adequate supply of LPG in the country and reducing dependence on imports, the Central Government has for the first time set refinery-wise production targets for oil marketing companies. Reliance Industries has been given the biggest target of production of 18,000 tonnes per day. At the same time, a total target of 31,470 tonnes per day has been set for public sector refineries.
The government has taken this step to reduce the risks associated with import dependence due to increasing geopolitical tensions in the Middle East. As per available data, more than 64 percent of India's LPG requirement is met through imports. In such a situation, this initiative is considered important towards increasing domestic production.