Nagpur: State-run Oil Marketing Companies (OMCs) have increased the prices of 19 kg commercial LPG gas cylinders by Rs 25 with effect from Friday, March 1. The hike could be by Rs 38 in Nagpur due to varying local taxes.
This is the second time in a row, the state-run firms have increased the cost of commercial gas cylinders. On February 1, rates of a 19-kg gas cylinder were up by Rs 14.
The oil companies hiked the commercial gas cylinder rates on December 1, 2023 by 21 in various locations across the country. However, on the eve of New Year 2024, the prices of the 19-kg commercial cooking gas were slashed by Rs 39.50 per cylinder.
Meanwhile, the prices of domestic gas cylinders have remained stable.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise cooking gas prices on the 1st of every month based on the average international price in the previous month.
Domestic cooking gas prices vary from state to state due to local taxes, and the last revision in domestic cylinder prices occurred on March 1 this year.
