Lagatar24 Desk
New Delhi, Nov.1: On Monday, petrol and diesel prices were raised for the sixth day in a row across the country. Petrol prices in the national capital climbed by 35 paise per litre to Rs 109.69 per litre, while diesel prices increased by the same amount to Rs 98.42.
Petrol and diesel rates in Mumbai have risen to Rs 115.50 and Rs 106.62 per litre, respectively.
In Kolkata, fuel costs Rs 110.35 per litre and diesel costs Rs 101.56 per litre, whilst in Chennai, petrol costs Rs 106.35 per litre and diesel costs Rs 102.59 per litre.
According to a source, the Ministry of Petroleum and Natural Gas recently expressed worry about oil pricing, supply, and demand to the main oil-producing countries.
“As crude oil prices climb globally, the petroleum ministry has contacted the energy ministries of a number of nations, including Saudi Arabia, Kuwait, the United Arab Emirates, Russia, and others,” the source said.
On the other hand, petroleum companies have raised the price of commercial Liquefied Petroleum Gas (LPG) cylinders by Rs. 266 from today, ahead of Diwali. From November 1 onwards, commercial 19 kg cylinders in Delhi would cost Rs. 2,000.50, up from Rs.1,734 previously. Domestic LPG cylinder rates, on the other hand, have remained unchanged.
The price of commercial LPG cylinders has increased by 43%. The price of a business LPG cylinder was raised by Rs.75 on Sept. 1.
After today’s surge, the price of a 19 kg commercial cylinder in Delhi has surpassed Rs.2,000 rupees, while in Mumbai, a 19 kg commercial cylinder, which was previously sold for Rs.1,683, now costs Rs. 1,950.
A 19-kg commercial cylinder now costs Rs.2,073.50 in Kolkata, while the price has risen to Rs.2,133 in Chennai.
The government proposal is for each household to receive 12 14.2-kg cylinders at subsidised or below-market prices. Any quantities in excess of this have to be purchased at market or non-subsidized rates.
State-owned oil companies have raised the prices of non-subsidized LPG gas cylinders on October 6. Last month, home LPG cylinder rates were raised by Rs.15 per cylinder across the categories, including subsidised gas.
On October 1, both subsidised and non-subsidised LPG tariffs were increased by Rs. 25 per cylinder.
Given the escalating price of crude oil, domestic LPG cylinder prices are anticipated to surpass Rs. 1,000 in the near future.
