NEW Delhi: The price of the commercial gas cylinder has increased after seven consecutive reductions.
The price of a 19-kg LPG commercial cylinder has been increased by ₹25 kg on Sunday 1 January 2023. However, the domestic cylinders cost has remained unchanged.
In November 2022, the Oil marketing companies (OMC) slashed the price of commercial cooking gas across the four metro cities by ₹115.5. In September and October as well, the OMC slashed the price of commercial gas cylinders by ₹91.5 and ₹25.50, respectively.
This was the seventh cut in price of commercial cylinders since June 2022.
The rates of commercial LPG cylinders have come down by ₹610 per kg since June 2022.
OMCs increased domestic cylinder prices last time on July 6, 2022.
Prices were hiked four times during last year. These oil marketing companies, for the first time in the year, had increased domestic gas prices by ₹50 in March 2022, and consequently raised it by ₹50 and ₹3.50 in May. Finally, it hiked the prices of domestic cylinder by ₹50 in July last year.