(MENAFN– Live Mint) LPG Price Hike News: Oil marketing companies announced increase in commercial LPG prices gas cylinders, with immediate effect. The cost of a 19 kg commercial LPG cylinder has increased by ₹62, setting the retail price in Delhi at ₹1,802.

Additionally, the price of 5 kg LPG cylinders in free trade has been increased by ₹15, while the rates of 14.2 kg cylinders remain unchanged.

Increase in the price of commercial LPG: update for the city

Subways	Prices
Delhi	₹1,802
Mumbai	₹1,754.50
Kolkata	₹1,911.50
Chennai	₹1,964.50

A burden for businesses

This latest price hike will have a direct impact on restaurants, hotels and other commercial establishments that rely on LPG for their daily operations. Increased operational costs could ultimately lead to higher prices for consumers across various sectors, adding financial pressure to businesses and customers.

Recent price trends

In October 2024, oil marketing companies had earlier increased the price of commercial LPG cylinders by ₹48.50, taking the cost of a 19 kg cylinder to ₹1,740 from ₹1,691.50.

The price adjustments reflect continued market fluctuations, with free trade 5kg LPG cylinders also seeing an increase of ₹12 during this period.

On September 1, oil marketing companies increased the rate of 19 kg commercial LPG gas cylinders by ₹39. After the hike, the retail price of a 19 kg commercial LPG cylinder in Delhi was ₹1,691.50.

Domestic aid amid trade hikes

Despite the rising costs of commercial LPG, domestic prices of LPG cylinders remain stable, providing some relief to households. This price disparity highlights the different challenges facing consumers and businesses in these turbulent economic times.

Nationwide ImpactRevised prices are now in effect across the country, influencing the cost structures of many businesses that rely on LPG for cooking and operational needs. As these industries adapt to rising costs, consumers may soon feel the effects on their daily purchases.

MENAFN01112024007365015876ID1108840456