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Oil marketing companies (OMCs) announced a price hike for commercial LPG cylinders. The price of commercial LPG cylinders Price Increases by Rs 25.50, and the new rates are effective today, March 1, 2024.
The state-run companies have increased the price of commercial gas cylinders for the second time this year. The price of a 19-kg gas cylinder increased by ₹14 on February 1. A 19-kg gas cylinder in Delhi costs ₹1,769.50, ₹1,887 in Kolkata, ₹1,723 in Mumbai, and ₹1,937 in Chennai in February.
On the first of each month, the government-owned Indian Oil Corporation Ltd. (OC), Bharat Petroleum Corporation Ltd. (BPCL), and Hindustan Petroleum Corporation Ltd. (HPCL) change the price of cooking gas by using the last month’s average international price.
Domestic gas cylinder costs have not changed. 14.2 kg LPG cylinders cost ₹903 in Delhi, ₹929 in Kolkata, ₹902.50 in Mumbai, and ₹918.50 in Chennai.
Businesses use LPG cylinders for profit-making purposes, such as electricity generation, transportation, poultry farming, industries, and restaurants, and these are classified as commercial LPG cylinders. State-run oil marketing companies determine the prices of these LPG cylinders.
Domestic LPG cylinders are used for household purposes, such as cooking at home, and not for profit-making.
The basic difference between commercial and domestic cylinders is in the amount of gas used and the quantity of gas present in the cylinder. That is why industrial facilities are provided with larger LPG vessels. Moreover, many industries use multiple LPG cylinders simultaneously.
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