Commercial LPG Cylinder Prices Hiked By Rs 15.50: What This Means For Restaurants And Hotels
Oil marketing companies have announced an increase in commercial LPG cylinder prices by Rs 15.50, effective October 1 (Wednesday). This hike is set to impact businesses that rely heavily on LPG, including restaurants, hotels, and catering services, raising their operational costs just ahead of the festive season.
Price Revision for Commercial Cylinders
The price of a 19 kg commercial LPG cylinder has been revised upwards by Rs 15.50. In Delhi, the new retail price of a 19 kg cylinder is now Rs 1,595.50. Similar revisions have been applied in other major cities, with the final price varying according to local taxes and transportation charges.
Domestic LPG Rates Remain Stable
Domestic LPG consumers will not be affected, as the 14.2 kg domestic cylinder price remains unchanged. This ensures continued relief for households amid rising commercial rates.
Impact on Businesses
The increase will directly affect commercial establishments dependent on LPG for daily operations. Hotels, restaurants, and catering services may face higher expenses per cylinder, and some of these costs could be passed on to consumers, according to industry analysts.
Reason Behind the Hike
LPG cylinder prices are periodically reviewed by oil marketing companies at the start of each month, taking into account global crude oil prices and foreign exchange rate fluctuations. This latest revision continues the trend of adjustments seen earlier this year, highlighting the vulnerability of commercial users to global energy market changes.
While the government has kept domestic cooking gas prices stable, the recurring commercial LPG price increases underscore the growing pressure of rising energy costs on businesses. Any further revisions will depend on movements in international crude prices and import costs in the coming months.
