Nagpur: Oil marketing companies have increased the prices of commercial LPG gas cylinders by Rs 196, across Metropolitan Cities amid the conflict in West Asia. The revised price of the 19-kilogram commercial LPG cylinder has come into effect from today, April 1.
With this hike, the commercial LPG cylinder will cost Rs 2,111.50 in Nagpur.
Meanwhile, the price of domestic LPG cylinders remained unchanged in the country despite uncertainty in fuel prices due to the West Asia conflict.
Officials said LPG prices are reviewed and revised on the first day of every month by state owned oil marketing companies, including Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited. The pricing mechanism takes into account international crude oil trends, domestic production and transportation costs, foreign exchange fluctuations and other market related factors.
The increase is expected to add to inflationary pressure on the hospitality and service sectors, which are heavily dependent on commercial LPG cylinders for daily operations. Restaurant owners and small business operators have expressed concern that the higher fuel costs could affect pricing and profit margins in the coming weeks.
In contrast, domestic consumers have been spared from any immediate burden, as the prices of 14 kg household cooking gas cylinders remain unchanged nationwide. Officials said the decision reflects an effort to shield ordinary households from rising fuel costs.
