In a huge setback for millions of consumers, oil marketing companies (OMCs) have hiked the prices of commercial LPG cylinders by Rs 209, with effect from Sunday, according to industry sources.
As a result of this, price of a 19-kg commercial LPG cylinder will now be Rs 1,731.50 from October 1 onwards in New Delhi.
Dining out is set to become dearer as an immediate fallout of this hike.
The decision has come just a month after OMCs had slashed the prices of commercial LPG cylinders by a significant Rs 158, with effect from September 1, thus bringing their price down to Rs 1,522 in the national capital.
The latest hike in prices of commercial LPG cylinders also comes just over a month after the Centre had cut prices of domestic LPG cylinder by Rs 200 for all connection holders across the country, in August.
Monthly revisions for both commercial and domestic LPG (liquefied petroleum gas) cylinders is done on the first day of each month. Earlier in August too, the prices of commercial LPG cylinders were cut by Rs 99.75 by OMCs.
VC funding drops 22.5 pc in China in Jan-Nov as India sees surge
As venture capital (VC) funding surged in India this year, China saw a 22.5 per cent decline in VC funding by both volume and value in the January-November period, a report showed on Thursday.
Indian share market opens in green, Nifty above 23,800
At around 9:37 am, Sensex was trading at 78,744.55 after gaining 271.68 points or 0.35 per cent, while the Nifty was trading at 23,812.50 after gaining 84.85 points or 0.36 per cent.
Their sacrifice shining example of valour, commitment to one’s values: PM Modi's tribute to Sahibzades
Prime Minister Narendra Modi, on Wednesday, paid tributes to Sahibzades on the occasion of Veer Baal Diwas and prayed that they always "guide us towards building a more just and compassionate society".
Netanyahu warns Houthis as Israel reportedly mulls new airstrike
Israeli Prime Minister Benjamin Netanyahu warned that Houthi forces in Yemen would face consequences similar to those experienced by other anti-Israel groups.
Andhra CM Naidu meets PM Modi, seeks special financial assistance
Andhra Pradesh Chief Minister N. Chandrababu Naidu met Prime Minister Narendra Modi and some Central ministers including Amit Shah and Nirmala Sitharaman in Delhi on Wednesday, seeking special financial assistance from the Centre.
IMD and TU signs MoU for indigenous lightning detection system development
In a significant step towards enhancing India's capabilities in weather monitoring and research, a Memorandum of Understanding (MoU) was signed between the India Meteorological Department (IMD) and the Department of Physics, Tripura University.
Tripura Chief Minister hails Officers for promoting transparency in governance
Chief Minister Prof. Dr. Manik Saha today said that officers in the state government are playing a key role in making the administration corruption-free which is an example of Good Governance.
NEC Plenary to usher development for Tripura: CM
Tripura Chief Minister Prof. Dr. Manik Saha today said that the recently held Plenary Session of the North Eastern Council (NEC) will greatly benefit the state and other North Eastern states; as such meetings will bring more development works to this region.