Prices of commercial LPG, 5-kg free trade cylinder hiked
· Scroll
Visit h-doctor.club for more information.
Indian Oil Corporation, the country’s largest state-run refiner and fuel retailer, on Monday raised the price of a 19 kg commercial liquefied petroleum gas cylinder by Rs 42, bringing its cost in Delhi to Rs 3,113.5, Reuters reported.
The increase applies to commercial cylinders used by businesses and industrial consumers. Prices of domestic cooking gas cylinders are unchanged.
Prices of 5 kg Free Trade LPG cylinders were raised by Rs 11, taking the retail price in Delhi to Rs 821.5, ANI reported.
Free Trade 5 kg LPG cylinders are designed for easy purchase without mandatory address proof and are primarily used by migrant populations in urban and semi-urban areas.
State-owned Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum revise LPG and aviation turbine fuel prices on the first day of every month based on international benchmark rates and currency exchange movements. Bharat Petroleum and Hindustan Petroleum generally align their pricing with Indian Oil.
The revision came amid a rise in global crude oil prices. Brent crude futures gained more than 2% in early trading on Monday after Israel ordered its military to expand operations in Lebanon against the Iran-backed Hezbollah group despite a ceasefire announced in April, Reuters reported.
The price of Brent crude was up by $2.23 to $93.35 a barrel at 7.45 am on Monday. It was $78 a...