Commercial LPG Cylinder Prices Increased by Rs 49 Across India
In a significant move affecting businesses and commercial establishments, the prices of commercial liquefied petroleum gas (LPG) cylinders have been hiked by Rs 49 nationwide. This adjustment comes into effect starting February 1, 2024, impacting various sectors that rely heavily on LPG for cooking and heating purposes.
Updated Rates for Major Metropolitan Cities
The price revision has been implemented uniformly across the country, with state-owned oil marketing companies leading the change. Here are the new rates for some key cities:
- Delhi: The commercial LPG cylinder price in the national capital now stands at Rs 1,884 per 19-kg cylinder.
- Mumbai: In the financial hub, the revised price is Rs 1,847 for a commercial cylinder.
- Chennai: The southern metro sees the price set at Rs 1,959 per cylinder.
- Kolkata: In the eastern city, the new rate is Rs 1,959 for a commercial LPG cylinder.
These figures represent the post-hike prices, reflecting the Rs 49 increase from previous levels. The variation in rates across cities is primarily due to differences in local taxes, transportation costs, and other regional factors.
Impact on Commercial and Hospitality Sectors
The price hike is expected to have a direct impact on restaurants, hotels, catering services, and other commercial entities that use LPG cylinders extensively. This increase adds to the operational costs for these businesses, which may potentially lead to higher prices for end consumers.
Industry analysts note that such adjustments in LPG prices are influenced by global crude oil trends, exchange rates, and domestic market conditions. The recent hike aligns with broader energy price movements observed in the international market.
Context and Historical Pricing Trends
Commercial LPG prices in India are revised on a monthly basis, typically on the first day of each month. This regular adjustment mechanism helps align domestic prices with international benchmarks and crude oil fluctuations.
The current increase of Rs 49 follows a period of relative stability in LPG pricing. Businesses are advised to factor this change into their budgeting and cost calculations for the coming month.
While this price revision specifically affects commercial cylinders, it's important to note that domestic LPG cylinder prices for household use remain unchanged at this time. The government continues to provide subsidies on domestic LPG under the Pradhan Mantri Ujjwala Yojana and other schemes, though commercial users do not receive such benefits.
