Commercial LPG prices hiked by Rs 195.5 amid soaring oil rates; second increase in a month since war

The price of commercial LPG was hiked by Rs 195.50 on Wednesday, amid a surge in global oil prices owing to the ongoing West Asia conflict.

A 19-kg commercial LPG now costs Rs 2,078.50 in Delhi, according to state-owned oil companies.

This is the second price hike since the conflict began on February 28. Rates were last increased by Rs 114.50 per 19-kg cylinder on March 1.

In Bengaluru, the price of a commercial cylinder now stands at Rs 2,161.

The price of domestic LPG cylinder, which was last hiked by Rs 60 per 14.2-kg cylinder on March 7, remains unchanged.

State-owned Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum revise ATF and LPG prices on the first day of every month based on international benchmarks and the exchange rate.

Since the conflict in West Asia, global oil prices have gone up alomst 50 per cent and have disrupted energy supply chains.

Petrol and diesel prices continue to remain frozen after a Rs 2 per-litre reduction in March last year; petrol currently costs Rs 94.72 per litre in Delhi and diesel Rs 87.62.