Adversitement
"Government Increases LPG Prices, Raises Rates for Commercial Cylinders"
Published On : 2023-11-02T10:10:13+0530 [ IST ] |
Author : Amit_Rahangdale
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"Government Increases LPG Prices, Raises Rates for Commercial Cylinders"
India :
Oil Marketing Companies (OMCs) increased the prices of commercial LPG cylinders by roo in various locations throughout the country. It is to be noted that this marks the second price hike for commercial LPG cylinders in the past two months. The hike will come into effect from November 1. While the cost of commercial LPG cylinders rose, the price of domestic LPG, which is utilized for cooking in households, remained steady and unchanged.
Following the most recent price adjustment, a 19 kg LPG cylinder is priced at 71,833 in Delhi. In other major cities, the cost for the same cylinder is 71,943 in Kolkata, $1,785 in Mumbai, $1,914.50 in Bengaluru, and R1,999.50 in Chennai, respectively. While the prices of commercial LPG cylinders saw an increase, the cost of domestic LPG, primarily used for cooking in households, remained stable. In Kolkata, it is available for 7929. In Mumbai, the domestic LPG cylinder costs $902.5, and in Chennai, it is being sold for $918.5. In Delhi, a 14.2-kg domestic LPG cylinder is still priced at 7903.
On October 4, the Union cabinet approved an increase in the cooking gas subsidy, raising it from $200 to $300 per cylinder for approximately 96 million low-income households. This decision coincided with the approaching assembly elections in five states and the national elections scheduled for the following,
The government's selection to growth LPG fees and raise charges for business cylinders has a wide impact on organizations, purchasers, and various sectors that rely on LPG as a number one source of gasoline. These changes replicate shifts in the electricity marketplace and will impact pricing strategies across industries.
In end, the government's choice to growth LPG costs and raise fees for industrial cylinders has financial and financial implications that amplify to families, industries, and agencies that rely on LPG for numerous applications. These fee modifications are indicative of changes inside the power market and its have an impact on at the cost of residing and production.
Source : ZEE5
Tags : Commercial Cylinder Rates , Government Decision , LPG Price Increase ,
Summary : The authorities has implemented a fee growth for LPG, consisting of raising prices for industrial cylinders. These modifications in gas pricing have implications for numerous sectors.
Adversitement