India Raises Commercial LPG Price by 993 Rupees

India's oil marketing companies on Friday raised the price of 19-kilogram commercial liquefied petroleum gas cylinders by 993 rupees nationwide, effective May 1, bringing the cost in Delhi to 3,071.50 rupees. The adjustment marks the third increase for commercial cylinders since late February, while prices for domestic 14.2-kilogram cylinders, petrol, diesel, and aviation turbine fuel for domestic airlines remained unchanged.

Indian Oil Corporation, one of the state-run firms implementing the revision, stated that the move insulates households from recent volatility in international fuel prices. "The retail prices of petrol, diesel and domestic LPG 14.2 kg cylinders have remained unchanged, fully insulating domestic consumers from the recent increase in international fuel prices," the company said. It noted no change for the 33 crore domestic LPG consumers or aviation turbine fuel prices for scheduled domestic airline operations.

The hike follows earlier increases of 144.50 rupees in March and about 200 rupees on April 1. Commercial LPG, which accounts for less than 1 percent of India's total annual consumption of around 33 million tonnes, primarily affects restaurants, hotels,...