The price of commercial LPG cylinders has been increased with effect from Thursday, January 1, adding pressure on operating costs for hotels, restaurants and other commercial users at the start of the new year.
Oil marketing companies have raised the price of the 19 kg commercial LPG cylinder by Rs 111 with immediate effect. Following the revision, the retail sale price of a 19 kg commercial LPG cylinder in Delhi now stands at Rs 1,691.50.
Along with the hike in commercial LPG rates, prices of 5 kg Free Trade LPG cylinders have also been increased. The cost of the 5 kg Free Trade LPG cylinder has gone up by Rs 27, effective January 1.
Household consumers, however, have received relief, as there has been no change in the prices of domestic LPG cylinders. The rates of the 14.2 kg domestic LPG cylinder remain unchanged, ensuring stability in cooking gas prices for families.
The increase in commercial LPG prices is significant for sectors that rely heavily on such cylinders, including eateries, catering services and small businesses, where fuel accounts for a major share of operating expenses. The unchanged domestic LPG prices, meanwhile, mean that household budgets remain unaffected by the latest revision.
In August, Union Petroleum Minister Hardeep Singh Puri had said that the Centre’s decision to compensate oil companies had helped keep LPG prices stable despite global volatility.
The Union Cabinet, led by Prime Minister Narendra Modi, had approved compensation of Rs 30,000 crore to be paid in twelve parts to oil companies that absorbed losses to maintain stable LPG prices amid global uncertainty.
The revised commercial LPG rates will remain in force from January 1 until further revision by oil marketing companies.
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