LPG Price Increases: Govt Hikes Commercial Cylinder Rates by Rs. 100
Commercial LPG cylinder prices have been increased by ₹100 in various locations by Oil Marketing Companies (OMCs)
Oil Marketing Companies (OMCs) increased the prices of commercial LPG cylinders by ₹100 in various locations throughout the country. It is to be noted that this marks the second price hike for commercial LPG cylinders in the past two months. The hike will come into effect from November 1. While the cost of commercial LPG cylinders rose, the price of domestic LPG, which is utilized for cooking in households, remained steady and unchanged.
On October 4, the Union cabinet approved an increase in the cooking gas subsidy, raising it from ₹200 to ₹300 per cylinder for approximately 96 million low-income households. This decision coincided with the approaching assembly elections in five states and the national elections scheduled for the following year.
The government’s move to provide extra subsidies, with a specific focus on rural women, comes shortly after its approval to expand the PM Ujjwala Yojana scheme, targeting an additional 7.5 million women. This expansion is part of a broader effort to increase the total number of beneficiaries to 103.5 million within the next three years.
