The prices of domestic cylinders remained steady at Rs 913. However, the OMCs hiked the price of commercial cylinders due to a 44 percent increase in the Saudi Contract Price.
LPG, PNG, Prices Today: Amid the ongoing tensions in West Asian countries and the blockade of the Strait of Hormuz due to the United States–Iran conflict, the prices of LPG remain under close watch. Any development regarding the conflict or Hormuz is crucial for India, which imports over 40 percent of its crude oil and 90 percent of its LPG from West Asian countries. The supply chain has already been disrupted, impacting the prices and consumption of cooking gas in the country. The OMCs increased the price of a 19-kg commercial LPG cylinder by Rs 195.50 to Rs 2,078.50. However, the price of the domestic cylinder (14.2 kg) remained unchanged.
The increase in the price of 19 kg cylinders from April 1 is linked to a 44 percent hike in the Saudi Contract Price. The price of SCP rose from USD 542 per tonne in March to USD 780 per tonne in April.
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