Domestic LPG cylinder price hiked by Rs 50

LPG cylinders price

Nagpur: 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 1051 per cylinder from Saturday, May 7, in Nagpur.

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 year, domestic LPG prices have jumped by nearly Rs 200.

This comes at a time when the retail inflation based on the Consumer Price Index (Combined) is likely to have risen up to 7.7 percent in April on the back of rising in food prices and the full pass-through effect of fuel price hike coming into play, economists said.

Geopolitical tensions, heat waves impacting food prices, especially wheat, along with an overall increase in transportation costs due to fuel price hikes have added to the surge in the inflation rate, which had risen to a 17-month high of 6.95 percent in March.