The price of the 19 kg LPG cylinder has been increased by Rs 8.50. However, there is no change in the price of the 14.2 kg LPG cylinder without subsidy

At the start of the new month, oil marketing companies (OMCs) have raised the prices of 19 kg commercial LPG gas cylinders by Rs 8.50, effective August 1, 2024. However, the price of the 14 kg domestic gas cylinder remains unchanged.

According to the Indian Oil Corporation Limited website, the price of a 19 kg LPG cylinder in Delhi has risen to Rs 1652.50, up from Rs 1646, an increase of Rs 6.50. In Kolkata, the price has increased by Rs 8.50, now costing Rs 1764.50. In Mumbai, the new price is Rs 1605, and in Chennai, it is Rs 1817.

This recent price increase follows a previous adjustment on July 1, 2024, when the cost of 19 kg commercial LPG cylinders was reduced by Rs 30.

The recent price hike follows a Union Budget announcement. For the financial year 2024-25, the Indian government estimates total receipts, excluding borrowings, to be Rs 32.07 lakh crore. Net tax receipts are projected at Rs 25.83 lakh crore, with the fiscal deficit estimated at 4.9 percent of GDP. Notably, oil companies are significant contributors to government revenue.

No changes in LPG domestic cylinder price

The price of the non-subsidized 14.2 kg LPG cylinder remains unchanged at Rs 803 in Delhi, Rs 829 in Kolkata, Rs 802.50 in Mumbai, and Rs 818.50 in Chennai. Notably, on June 1, 2023, the price of a domestic LPG cylinder in Delhi was Rs 1103. On August 30, 2023, oil companies announced a significant reduction of Rs 200, lowering the price to Rs 903. Subsequently, on March 9, 2024, there was another reduction of Rs 100.