Major Relief in Domestic Gas Cylinder Prices Amidst Crisis; Commercial Prices Cross ₹2,200 Mark..
The crisis surrounding domestic gas cylinders is no secret to anyone. The government is not only briefing the general public daily regarding availability but is also appealing to them not to create panic. Furthermore, a special appeal has been made to those households possessing a PNG (Piped Natural Gas) connection to surrender their gas cylinders. The prices for both domestic and commercial gas cylinders are announced on the first day of every month.
While Wednesday brought some relief regarding the prices of domestic gas cylinders, the commercial sector witnessed a price hike for the fifth time this year. According to the data, the price of commercial gas cylinders has risen by approximately ₹500 over the course of the current year. Consequently, the price of commercial gas cylinders in the country has now crossed the ₹2,200 mark. Let us take a look at the latest updates and news emerging regarding cooking gas.
**What Relief Has Been Provided in Domestic Gas Cylinder Prices?**
Just as the prices for domestic gas cylinders were announced on March 6th—the previous month—expectations were high that a price hike would be observed this time as well; however, this did not happen. According to data from IOCL (Indian Oil Corporation Ltd.), there has been no increase in the price of domestic gas cylinders in any of the country's major metropolitan cities. This marks a significant relief provided to the general public by the government and the oil companies. On March 7th, the price of domestic gas cylinders had been hiked by ₹60 per cylinder, bringing the rates to ₹913 in Delhi, ₹939 in Kolkata, ₹912.50 in Mumbai, and ₹928.50 in Chennai. These rates will remain in effect throughout April.
**Commercial Gas Cylinders Cross the ₹2,200 Mark**
On the other hand, the price of commercial gas cylinders has been hiked for the fifth time within just the first four months of the current year. As a result, the price of commercial gas cylinders in the country has now crossed the ₹2,200 threshold. According to IOCL data, the price of commercial gas cylinders witnessed an increase of ₹200 or more in April.
In the national capital, Delhi, the price has risen by ₹195.50 to reach ₹2,078.50. Notably, commercial gas cylinder prices in Delhi have already seen a cumulative increase of ₹498 during the current year.
Kolkata recorded the highest hike in commercial gas cylinder prices, with an increase of ₹218, bringing the cost to ₹2,208. Significantly, the price of commercial gas cylinders in Kolkata has risen by a total of ₹524 so far this year.
In Mumbai, commercial gas cylinder prices rose by ₹196, bringing the cost to ₹2,031. Notably, the price of commercial gas cylinders in Mumbai has seen a cumulative increase of ₹499.50 during the current year.
In Chennai, commercial gas cylinder prices increased by ₹203, bringing the cost to ₹1,739.50. Significantly, the price of commercial gas cylinders in Chennai has risen by a total of ₹507 so far this year.
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