LPG Cylinder Prices Rise by 29 Rupees in Delhi, Effective June 7 The price of domestic LPG cylinders in Delhi has increased by 29 rupees, effective June 7. This marks the second price hike in three months, with the government and oil companies citing the Iran crisis, expensive crude oil, and rising global energy prices as key factors. The adjustment comes amid ongoing challenges in the energy sector, which have also impacted petrol, diesel, and CNG prices. The latest increase brings the cost of a 14.2-kilogram LPG cylinder in Delhi to 942 rupees, up from 913 rupees. This follows a previous hike of 60 rupees per cylinder on March 7, which was attributed to geopolitical tensions in West Asia and a surge in international fuel prices. Industry sources noted that the March increase only partially offset losses incurred by government oil marketing companies, which faced a loss of approximately 703 rupees per cylinder before the recent adjustment. Commercial LPG cylinders have also seen price hikes. In Delhi, 19-kilogram commercial cylinders now cost 3,113.50 rupees, up from 3,060.50 rupees. Kolkata’s commercial cylinders rose to 3,255.50 rupees from 3,202 rupees. Smaller 5-kilogram cylinders, used by traders and civilians, saw a 11-rupee increase, with Delhi’s rates now at 821.50 rupees. The price adjustments align with broader trends in fuel costs. Since May, petrol and diesel prices have risen by 7.50 rupees per liter, while CNG prices have increased by 6 rupees per kilogram. Despite the recent hikes, industry sources indicate that oil companies continue to sell petrol and diesel below cost, resulting in losses of around 11 rupees per liter for petrol and 33.6 rupees per liter for diesel. The government’s decision to raise LPG prices reflects the growing pressure from global energy market volatility.#delhi #oil_marketing_companies #lpg_cylinder #global_energy_prices #iran_crisis
