Shock for people on March 1...! Cylinder price hike again...!?
LPG cylinder price for commercial use in chennai increased by Rs.23.50 today and is now selling at Rs.1960. On the 1st of every english month, various changes occur in the market. In particular, oil companies will adjust the prices of their commodities. Accordingly, prices of LPG cylinders for domestic use, LPG cylinders for commercial use, aviation fuel, etc. will be revised on 1st day of every english month. A price correction means that the price of the goods will rise, fall, or stay the same. In that sense, oil companies have not brought any change in the price of domestic cooking gas cylinders this month, which is good news for families. Especially, petrol and diesel prices have not increased for more than 650 days.
However, the price of LPG cylinders for commercial use alone has gone up by around Rs.25. Last Feb. 1 also the price of the commercial cylinder in chennai only was Rs. 50. Thus, last Feb. A commercial cylinder was being sold in chennai at Rs 1,937 from the 1st. Up by Rs 23.50 today, it is trading at Rs 1,960.50. Last January, the price increased by Rs 1.50. The increase in the price of commercial cylinders will affect traders in many ways, and the price of food available outside is also likely to rise. In the last 2 months, the commercial cylinder price has risen up to Rs 75.