Cooking gas, commercial LPG to cost more, jet fuel less
Live MintOil marketing companies on Wednesday raised prices of both domestic and commercial LPG cylinders, while that of jet fuel received a cut in a move that could help lower air fares. The price of non-subsidized 14.2-kg domestic LPG cylinder has been increased by ₹50 to ₹1,103 in the national capital, showed data on the Indian Oil Corp site. The hike in domestic cooking gas prices comes after a gap of around seven months post the last revision in July 2022. Amid the rise in global oil and gas prices in the past one year, OMCs have not increased the retail price of domestic cooking gas commensurate with the trend in international prices, leading to heavy losses being incurred by OMCs on the sale of these fuels as they were selling below global prices.