The price of domestic LPG cylinders was raised by Rs 50 on Saturday. With the latest revision, the 14.2 kg domestic cylinder will now cost Rs 999.50/cylinder from today.
Earlier this month, the price of the 19 kg commercial LPG cylinder was increased by Rs 102 to Rs 2,355.5. The price of a 5-kg LPG commercial cylinder was also increased to Rs 655. In the last one year, domestic LPG prices have jumped by nearly Rs 200.
This comes at a time when the retail inflation based on Consumer Price Index (Combined) is likely to have risen up to 7.7 per cent in April on the back of rise in food prices and the full pass-through effect of fuel price hike coming into play, economists said.
