The Indian government has once again revised the price of commercial LPG cylinders. Oil marketing companies have raised the cost of a 19-kg commercial cylinder by ₹39. Following this increase, the price of a commercial cylinder in the capital, Delhi, has risen from ₹1652.50 to ₹1691.50. This hike will make using gas in commercial sectors more expensive.
New Rates in Major Cities
The new commercial LPG cylinder rates vary across major cities. In Mumbai, the price for a cylinder is ₹1644, while in Kolkata, it’s ₹1802.50. Chennai has the highest rate at ₹1855. These price differences stem from varied tax structures and transportation costs in different states.
Impact on the Commercial Sector
This price increase will significantly impact small and medium businesses, especially:
- Hotels and restaurants
- Catering services
- Small food vendors
- Wedding and event organizers
These businesses may be forced to raise their service prices, which will directly affect the general public.
Relief for Domestic Gas Consumers
The government has provided relief to domestic consumers by keeping the price of the 14.2-kg domestic LPG cylinder unchanged. Prices in major cities remain stable as follows:
- Delhi: ₹803
- Mumbai: ₹802.50
- Kolkata: ₹829
- Chennai: ₹818.50
Recent Price Trends
In July, the price of commercial cylinders was cut by ₹30. However, this is the second increase since then, pointing to ongoing instability in the market.
Economic Impact and Future Outlook
The increased prices for commercial LPG cylinders will impact various levels:
- Food prices may increase
- Hotel and restaurant menu prices might need adjustment
- Small businesses will face rising operational costs
- Event and function costs may go up
Tips for Consumers
In this scenario, consumers should consider:
- Carefully managing their budgets
- Using gas prudently
- Considering alternative energy sources
- Planning essential expenses in advance
This price increase presents a substantial challenge for the commercial sector. Although domestic consumers currently have relief, future price adjustments cannot be ruled out. Everyone should plan their budgets and expenses carefully, while the government must ensure that price changes do not unduly burden the public and businesses
