New Delhi: The price of domestic liquified petroleum gas (LPG) was increased on Thursday, May 19, by Rs 3.50 per cylinder, marking the second price hike this month.The price of a 14.2 kg domestic LPG cylinder now stands at Rs 1,003 in New Delhi. The prices of LPG vary from city to city due to differences in the value added tax (VAT) rates levied by different states.On May 7, the price for the same cylinder had been increased by Rs 50 to reach Rs 999.50 per 14.2 kg cylinder. The May 7 domestic LPG cylinder price rise had come after a similar Rs 50 price rise in March this year, which was the first increase since October last year and had come along with increases in petrol and diesel prices as well. Fuel prices have soared since then.Moreover, on May 1, the prices of commercial LPG cylinders had also seen increases, with the price of 19 kg cylinders being increased by Rs 102 to reach a price of Rs 2,355.5. Similarly, the price of 5 kg commercial LPG cylinders had been increased to Rs 655.These increases in the price of the cooking gas come after India crossed the grim milestone of an eight-year high of 7.79% retail inflation in April. Moreover, April marked the fourth consecutive month that retail inflation stood above 6% – the upper-limit of tolerable inflation set by the Reserve Bank of India (RBI).Also read: Raging Inflation: Why Your Chicken Curry Is the Most Expensive it Has Been in 5 YearsAmid the prevailing geopolitical situation, Russia’s ongoing invasion of Ukraine in particular, food prices soared in the country and across the globe.In an attempt to stem inflation, the monetary policy committee (MPC) of the RBI had even held an off-cycle meeting in which it had increased the repo rate by 40 basis points in an effort to stem inflation. (With PTI inputs)