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Domestic LPG price raised by Rs 29 per cylinder

The price of domestic LPG has been hiked by Rs29 per cylinder, the second time in three months as global energy supply remained affected over West Asia crisis. The price of a 14.2-kg LPG cylinder in Delhi will rise to Rs 942 from Rs 913 with effect from June 7.Earlier in March, the prices of cooking gas was hiked by Rs60 per cylinder  after the global energy prices were hit by the US-Iran war.
The hike in the price of domestic LPG cylinders even as the government has hiked the prices of petrol, diesel, aviation turbine fuel, commercial LPG cylinder and LPG over constrained global supply. However, with international crude and fuel markets remaining volatile due to the ongoing West Asia conflict, pressure on domestic fuel prices continues to build.
State-run oil marketing companies are losing roughly Rs703 on every LPG cylinder sold before the latest revision, the sources told the news agency. The price of commercial LPG cylinders used by hotels, restaurants and other businesses have seen repeated hikes in recent months. The latest hike in commercial LPG was on June 1, when the prices were raised by Rs 42 per 19-kg cylinder to Rs3,113.


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