New Delhi: The petroleum companies have hiked the price of commercial Liquefied Petroleum Gas (LPG) cylinders by Rs 266 from Monday onwards.
Commercial cylinders of the 19 kg in Delhi will cost Rs 2,000.50 from Monday onwards which was costing Rs 1,734 earlier.
However, there is no increase in rates of domestic LPG cylinders.
Earlier, the prices of LPG cooking gas cylinders across all categories including subsidised gas on were hiked by Rs 15 per cylinder last month. This was the fourth straight increase in prices in less than two months. Subsidized and non-subsidised LPG rates were hiked by Rs 25 per cylinder on October 1.
The increase in subsidised LPG price now has taken the cumulative rate hike since January 1 to Rs 205 per cylinder.
The two main factors that determine the prices of LPG cylinders in India are global crude oil prices and the dollar-rupee exchange rate as crude prices are denominated in US dollars.
Brent crude prices are now hovering near $84 per barrel while the dollar-rupee exchange rate on Friday closed at 74.88 mark, putting pressure on LPG prices.
