OMCs hike 19-kg LPG cylinder price by Rs 48.50, third consecutive increase in 3 months

The oil marketing companies on Tuesday (October 1) hiked the price of a 19-kg commercial LPG cylinder by ₹48.50. A 19-kg LPG cylinder will now cost ₹1,740 up from ₹1,691.50 in Delhi.

This is the third straight month hike in the 19-kg LPG cylinder price.

Prices were hiked by ₹6.5 per cylinder on August 1 and by ₹39 on September 1. The three rounds of increase follow four monthly price reductions.

In four price reductions, rates were cut by ₹148 per 19-kg cylinder and now in three rounds of increase, prices have gone up by ₹94 per cylinder.

Commercial LPG now costs ₹1,692.50 per 19-kg cylinder in Mumbai, ₹1,850.50 in Kolkata and ₹1,903 in Chennai.

The rate of cooking gas used in domestic households, however, remained unchanged at ₹803 per 14.2-kg cylinder.

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) revise prices of ATF and cooking gas on the first of every month based on the average price of benchmark international fuel and foreign exchange rate.

Also, the price of a 5-kg Free Trade LPG cylinder has been increased by ₹12.

With inputs from PTI