Indian Oil Corporation Limited (IOCL), the state-run oil and gas company, has announced a significant price hike for commercial Liquified Petroleum Gas (LPG) cylinders. The price increase amounts to Rs 209 per cylinder, and these new prices will come into effect from October 1. However, it’s important to note that there is no change in the price of domestic LPG.
In Delhi, the retail price of a 19 Kg commercial LPG cylinder will be Rs 1731.50 starting from October 1.
LPG, known for its versatility, is widely used for various purposes, including as a motor fuel, cooking gas, for heating, refrigeration, and in certain high-end industrial processes.
Earlier this year in August, the Union Cabinet made an announcement to reduce the prices of liquefied petroleum gas (LPG) for all 330 million users across the country.
Union Information and Broadcasting Minister Anurag Thakur stated during a Cabinet briefing on August 29 that “all domestic consumers of LPG cylinders would receive a subsidy of Rs 200 per cylinder.” Additionally, users under the PM Ujwala scheme would receive this subsidy in addition to the existing one. This extra subsidy on LPG cylinders took immediate effect, serving as a Raksha Bandhan and Onam gift to the people.
As a result, the subsidy for Ujjwala beneficiaries increased to Rs 400 per LPG cylinder.
The government also gave its approval for an additional 7.5 million Ujjwala connections, bringing the total number of Pradhan Mantri Ujjwala Yojana beneficiaries to 103.5 million.
Furthermore, on September 29, IOCL made headlines for approving two joint ventures with private sector partners for the establishment of compressed biogas (CBG) plants.
These developments in the LPG sector reflect the evolving energy landscape and its impact on consumers and businesses alike.
