LPG price hike: Indian Oil, BPCL, HPCL shares rise after first change in domestic cylinder rate in seven months
LPG cylinder price hike: Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HINDPETRO) shares rose on Wednesday, after the state-run OMC raised LPG rates, effective March 1.
LPG cylinder price hike: Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HINDPETRO) shares rose on Wednesday after the state-run oil marketing companies raised domestic and commercial LPG rates, with effect from the same day. The three stocks — Indian Oil, Bharat Petroleum and Hindustan Petroleum — climbed up as much as 0.8 per cent in intraday trade after the news. Read more on LPG price hike
Wednesday's revision marked the first revision in the domestic LPG rate since July 6, 2022.
Indian Oil shares gained by 0.6 per cent to touch Rs 76.5 apiece on BSE at the strongest level of the day.
Similarly BPCL shares rose as much as 0.8 per cent to Rs 319.2 apiece and the HPCL stock as much as 0.8 per cent to Rs 216.9 apiece on the bourse.
LPG price hike per cylinder
After the latest revision, the LPG price in New Delhi has been raised by Rs 350 to Rs 2,119 per cylinder of 19 kilograms (commercial), and by Rs 50 to Rs 1,103 per cylinder of 14.2 kilograms (domestic).
Here's what LPG rates in the national capital look like after the March 1 revision:
| Category | LPG price effective March 1 | LPG price earlier |
| 19 kg (commercial) | Rs 2,119 | Rs 1,769 |
| 14.2 kg (domestic) | Rs 1,103 | Rs 1,053 |
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