Commercial Gas Cylinder Prices Surge, Domestic Rates Remain Stable
Posted on: 01/Mar/2024 9:48:55 AM
The cost of commercial gas cylinders has surged to nearly Rs. 2000, marking a significant increase. The Confederation of Oil Companies attributes this sudden spike to various factors, including the prevailing price of crude oil in the global market, import expenditures, and the fluctuating value of the Indian rupee against the US dollar.
In a recent update, the Federation of Oil Companies unveiled the revised price list for March, indicating that the cost of domestic gas cylinders remains unchanged for the seventh consecutive month at Rs. 918, maintaining parity with the previous month.
However, the price of a 19 kg cylinder intended for commercial usage has risen sharply by Rs. 23.50, reaching a total of Rs. 1960.50. This significant increase is expected to lead to subsequent rises in the prices of essential food items.
