This is the third month of the ongoing conflict between the US and Iran, and due to this situation there is increasing pressure on oil prices. Due to increasing tensions between the two countries, the effective blockade of the Strait of Hormuz is still in place. This important sea route is an important means of supplying fuel to countries around the world.
In April this year—in response to the US blockade of Iranian ports—Iran almost completely blocked commercial traffic passing through the Strait of Hormuz. This move has had a serious and adverse impact on global oil and gas supplies, as well as their market prices. As a result, this is the third time that commercial LPG prices in India have been changed since the conflict began on April 28.
City Domestic Cylinder Price Commercial Cylinder Price Delhi Rs 913 Rs 3071.5 Mumbai Rs 912.5 Rs 3024 Kolkata Rs 939 Rs 3202.5 Chennai Rs 928.5 Rs 3237 Jaipur Rs 916.5 Rs 3099 Patna Rs 1002.5 Rs 3347 Bengaluru Rs 915.5 Rs 3152 Port Blair Rs 989 Rs 3490 Ranchi Rs 970.5 Rs 3252
**How much has the price of gas cylinders increased?**
The price of commercial LPG—used by hotels and restaurants—has been increased by ₹993, taking the price of a 19 kg cylinder to a record high of ₹3,071.50. Similarly, rates for smaller 5 kg ‘Chhotu’ cylinders have also been increased from ₹549 to ₹810.50 per cylinder—just slightly lower than the ₹913 price of a 14.2 kg standard cylinder (commonly called domestic LPG). The price of domestic LPG was earlier increased by ₹60 on 14.2 kg cylinder on March 7.
