From 2000 to 2100, the price of a commercial LPG cylinder will increase by 105 cents per cylinder. Since commercial LPG cylinder prices increased by 105 percent last month, this is the third-largest increase in the past year.
The price of commercial Liquefied Petroleum Gas (LPG) increased by $250 per cylinder on Friday, according to the Energy Information Administration. The price of a 19-kg commercial cooking gas cylinder in the capital has increased to 2,253 rupees, and this new rate is effective immediately. On the first day of each month, prices for LPG are updated in accordance with the benchmark fuel price from the previous month.
Prices for commercial LPG cylinders increased by 105 percent last month, resulting in each cylinder (19 kg) costing $2,003 more than it did the previous month. This is the third-largest increase in the last five years.
A 19-kg commercial LPG cylinder in Kolkata costs Rs. 2,351 (approximately). Residents of Mumbai will pay $2,205 while residents of Chennai will pay $2,406, according to the city’s tax code.
However, consumers have seen no change in their gas cylinder prices in the United States since the beginning of 2016. During the month of March, the price of domestic cooking gas increased by 50 cents a cylinder. Currently, the cost of a 14.2-kg non-subsidized LPG cylinder in the nation’s capital is $949.50. Since the beginning of October, there had been no increase in interest rates for more than two months.
The price of gasoline and diesel increased by another 80 paise per litre on Thursday, bringing the total number of revisions in the last ten days to nine, with a 6.40 paise per litre increase.
It was only a day ago that Rahul Gandhi, speaking at a protest against rising fuel prices, called on the BJP-led government to rein in the price of gasoline.
On Thursday, a protest by members of the Congress Party, led by Rahul Gandhi, took place at Vijay Chowk. The event was attended by a number of high-ranking party officials, including Adhir Ranjan Chowdhury, Mallikarjun Kharge, and Abhishek Singhvi, among others. In addition, KC Venugopal and Shakti Sinh Gohil were in attendance.
For the purpose of communicating their message to Congress, demonstrators carried LPG cylinder cutouts and placards with the slogan “Rollback fuel price hike.”
During the period March 31 to April 7, the Congress Party will launch an anti-inflation campaign, dubbed the ‘Mehngai Mukt Bharat Abhiyan, that will include rallies and marching in every state and union territory across the country.
Despite the fact that gasoline prices had been stagnant since November 4, this period was broken on March 22 when crude oil prices surged as a result of Russia’s military operations against Ukraine, which had taken a heavy toll.
Following the sharp increase in crude oil prices on international markets, it is expected that the price of oil will continue to rise. A consequence of this is that consumer prices are likely to rise, limiting the potential for economic expansion. As a result, the prices of various items will be affected.
