The Future Ai

2025 New Year Modi government at the center provided relief to gas cylinder consumers. Latest commercial LPG gas cylinder price reduced by Rs. 14-16. Companies apply this discount on 19 kg commercial gas cylinder prices.

NEW DELHI: State-owned oil marketing companies (OMCs) on Friday announced a nearly 50% increase in commercial LPG cylinder rates, while keeping the prices of domestic LPG, petrol, diesel and ATF for domestic flights unchanged amid a global rise in energy costs due to disrupted supply flows from West Asia.Though the government has maintained that it has kept petrol and diesel pump prices frozen despite volatility in the global crude market, officials said an upward revision in automobile fuel rates in the near future could not be ruled out. According to govt’s own estimates, oil marketing companies have been incurring under-recoveries of Rs 20 per liter on petrol and Rs 100 per liter on diesel due to a 65% rise in crude procurement costs since Feb.The Rs 993 increase in commercial LPG cylinder rates is the highest single-day hike by OMCs so far. This is the fourth revision since Feb 28, when the conflict broke out. The price of a commercial LPG cylinder prior to the conflict was Rs 1,740.5 in the capital. Their rates are “deregulated and market-determined”.After the hike, a 19-kg commercial LPG cylinder costs Rs 3,071.5 in the capital, up from Rs 2,078.5. Since 5-kg portable cylinders, used largely by poor migrant populations, are sold at commercial rates, their price has increased by Rs 261 to Rs 810.5. Commercial LPG cylinders will cost Rs 3,024 in Mumbai, Rs 3,202 in Kolkata and Rs 3,237 in Chennai.OMCs have also increased ATF rates for international airlines by 5%; it will cost $1,511.86 per kilolitre. Bulk diesel rates for industrial consumers have been increased from Rs 137 to Rs 149 per litre.Federation of Indian Airlines had written to government earlier this week saying the unprecedented increase in ATF costs had raised airlines’ operating costs by up to 60%, creating completely unviable operating conditions.OMCs, however, said rates of 80% of petroleum products had remained unchanged. “Rate revisions have been limited to select industrial segments, which constitute a relatively small share of overall consumption and are subject to routine monthly adjustments based on prevailing international prices,” Indian Oil Corporation said.Govt has cut the windfall gains tax on diesel exports to Rs 23 per liter and on ATF exports to Rs 33 per litre, from Rs 55.5 per liter and Rs 42 per litre, respectively.