LPG price increase: Ahead of the budget statement, commercial cylinder prices raised by Rs 14

LPG price increase: Ahead of the budget statement, commercial cylinder prices raised by Rs 14

LPG price increase: Ahead of the budget statement, commercial cylinder prices raised by Rs 14

On the beginning of each month, OMCs modify the cost of LPG cylinders.

Oil-marketing companies (OMCs) have announced a rise in the price of 19 kilogram commercial LPG gas cylinders, effective today, February 1, according to a report on CNBC-TV18. A 19 kilogram commercial LPG gas cylinder now costs Rs 1,769.50 instead of Rs 1,755.5, an increase of Rs 14.

Based on the average worldwide price of the previous month, known as the state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), as well as Hindustan Petroleum Corporation Limited (HPCL) adjust the rates of LPG and ATF on the first of each month. Execute it. This time, the news was made on the day when Nirmala Sitharaman, the minister of finance, was scheduled to unveil the interim budget at 11:00 a.m.

The cost of home LPG cylinders won't alter, however.

LPG is widely used for heating, refrigeration, motor fuel, cooking gas, and even for certain upscale industrial operations.