Oil Marketing Companies (OMCs) on the first day of New Year 2023 has hiked the price of LPG cylinder. They have increased the prices up to Rs 25 for the commercial cylinders. However, the rates of domestic cylinder haven’t been changed and they will sell at their existing prices.OMCs changed the rates of commercial cylinder from January 1, 2023 by increasing up to Rs 25.
The move comes as a big jolt to restaurant and hotel owners. However, it won’t impact the budget of commoners as the prices of domestic LPG cylinder remain unchanged. OMCs increased the prices of domestic cylinder last time in July 6 2022. It was increased to Rs 153.5 cumulatively. Prices were hiked four times. OMCs first increased Rs 50 in March 2022, then it again hiked Rs 50 and Rs 3.50 in May month. Finally, it hiked the prices of domestic cylinder by Rs 50 in July last year.