Commercial LPG Cylinder Prices Surge: Check Rates in Your City from March 1, 2024
Cylinder Prices March 1 2024: In a recent development, Oil Marketing Companies (OMCs) have made an important announcement regarding the prices of commercial LPG gas cylinders. This change, effective from today (Friday, 01 March 2024), signifies a significant hike in the price of 19 KG commercial LPG cylinders. Let’s delve into the details.
The Price Adjustment
OMCs have increased the cost of 19 KG commercial LPG gas cylinders by Rs 25.50. This modification has led to adjustments in the retail sales prices across various cities.
Impact on Delhi
After the price hike, the retail sales price of a 19 Kg commercial LPG cylinder in Delhi will now be Rs 1,911.00.
Mumbai’s Price Variation
Interestingly, the new rates for the same cylinder differ across Mumbai, with Rs 1749.00 in one part and Rs 1960.50 in another. This discrepancy prompts the need for consumers to check rates specific to their locality.
Unaffected Domestic LPG Prices
While the commercial LPG prices witness an increase, the prices of domestic LPG cylinders will remain unaffected. It’s worth noting that monthly revisions for both commercial and domestic LPG cylinders generally take place on the first day of each month.
Regional Disparities in Domestic Cooking Gas Prices
Domestic cooking gas prices vary from state to state due to local taxes. The last revision in domestic cylinder prices occurred on March 1 this year, showcasing the regularity in updates and adjustments.
OMCs and Aviation Fuel Prices
In a parallel development, OMCs have chosen to raise the prices of aviation fuel after consecutive cuts in ATF prices. The surge amounts to about Rs 624.37 per kiloliter, with the new ATF prices becoming applicable from today.
the latest price revisions in commercial LPG gas cylinders, coupled with the ongoing dynamics in domestic cooking gas and aviation fuel prices, underscore the volatility in the energy sector. Consumers are advised to stay informed about these changes to better manage their budgets and adapt to the evolving market conditions.
Frequently Asked Questions
1. Why have commercial LPG cylinder prices increased?
The prices of commcl LPG cylinders have increased due to a revision announced by Oil Marketing Companies (OMCs). This change is effective from March 1, 2024.
2. Are domestic LPG prices affected by this revision?
No, the prices of domestic LPG cylinders remain unchanged. The revision specifically applies to commercial LPG gas cylinders.
3. How often do OMCs revise LPG cylinder prices?
OMCs typically conduct monthly revisions for both commercial and domestic LPG cylinders. These revisions usually occur on the first day of each month.
4. Why do domestic cooking gas prices vary from state to state?
Domestic cooking gas prices vary due to local taxes imposed by different states. This regional disparity influences the overall cost of LPG cylinders.
5. What prompted the increase in aviation fuel prices?
Oil Marketing Companies (OMCs) have increased aviation fuel prices after consecutive cuts in ATF prices. The surge is approximately Rs 624.37 per kiloliter, with the new prices in effect from today.
