LPG Gas Rate Hike: Commercial LPG Cylinder Prices Rise in Delhi

Revised LPG Rates

Effective August 1, 2023, the price of a 19-kg commercial LPG cylinder in Delhi has increased by ₹91.50.

The new retail price of a commercial LPG cylinder in Delhi is now ₹1,976.50, up from ₹1,885.

Reasons for the Hike

The Indian Oil Corporation Limited (IOCL) has attributed the price hike to a rise in international fuel prices and the depreciation of the Indian rupee against the US dollar.

Nationwide Price Variation

It's important to note that the price of commercial LPG cylinders varies across different cities in India. For the most up-to-date information on prices in your area, visit the official website of your local gas provider.

Other Cities' LPG Gas Price

• Mumbai: ₹2,036.50
• Kolkata: ₹2,154.50
• Chennai: ₹2,198.50

Impact on Businesses

The price hike is likely to impact businesses that rely on LPG for cooking and heating purposes. Restaurants, small eateries, and other commercial establishments may need to adjust their budgets and expenses.

Government Response

The government has not yet announced any measures to address the price hike of commercial LPG cylinders. However, it has been monitoring the situation and may consider providing relief to affected businesses in the future.

Conclusion

The recent price hike of commercial LPG cylinders in Delhi is a reminder of the volatility of global energy markets. Businesses that rely on LPG should be prepared for further price fluctuations in the coming months. By staying informed about market trends and exploring alternative energy sources, they can mitigate the impact of these price changes on their operations.