Commercial LPG Prices Hiked: Check Revised Rates in Your City
Commercial LPG cylinder prices see a rise across major Indian cities.
Top Summary
- What happened: Prices for 19-kg commercial LPG cylinders have increased across India starting June 1st.
- Why it matters: Impacts operational costs for businesses relying on commercial LPG, such as hotels and restaurants.
- What changes for people: Businesses may adjust prices to offset increased LPG expenses. No change in domestic cooking gas cylinder prices.
- Who is affected: Hotels, restaurants, businesses, and other commercial users of LPG cylinders in major Indian cities.
Commercial LPG Rates Surge
Commercial LPG cylinder prices have been hiked across India, effective June 1st. The increase ranges from Rs 42 to Rs 53.50 in major cities.
These revised rates apply specifically to commercial LPG cylinders, impacting businesses like hotels and restaurants.
City-Wise Price Hikes
In Delhi, the price of a 19-kg commercial LPG cylinder has risen by Rs 42 to Rs 3,113.50. Kolkata sees a larger increase of Rs 53.50, bringing the price to Rs 3,255.50.
Here's a snapshot of the new prices in other major cities:
- Mumbai: Rs 3,067.50 (up from Rs 3,024)
- Bengaluru: Rs 3,198 (up from Rs 3,152)
- Chennai: Rs 3,283 (up from Rs 3,237)
- Hyderabad: Rs 3,367 (up from Rs 3,315)
Other cities impacted by the price hike include:
- Lucknow: Rs 3,236
- Bhubaneswar: Rs 3,290
- Chandigarh: Rs 3,136
- Gurugram: Rs 3,130
Other LPG Price Changes
The price of a 5-kg Free Trade LPG (FTL) cylinder has also been increased by Rs 11. It will now cost Rs 821.50 in Delhi.
Fuel Security Measures
The price increase comes amid efforts to strengthen India's fuel security. This follows supply disruptions related to tensions in West Asia, highlighting the country's reliance on imported energy.
Sujata Sharma, joint secretary in the ministry of petroleum and natural gas, stated that oil marketing companies have been asked to maintain LPG reserves equivalent to at least 30 days of demand.
India imports approximately 90% of its LPG, 65% of its natural gas, and about 40% of its crude oil from the Gulf region.
No Fuel Shortage Concerns
Despite concerns about supply disruptions, the government assures that there is no fuel shortage in the country.
"We have sufficient stock of petrol, diesel, LPG, natural gas and crude inventories are tied up. All our refineries are operating at optimum levels and LPG production is at an all-time high," Sharma said.
Domestic refineries produce around 50,000-52,000 tonnes of LPG daily. The total demand is nearly 72,000 tonnes, with the remaining amount covered by imports.
Crackdown on Illegal Activities
The government has intensified action against hoarding and black marketing of LPG. Officials have conducted over 6,500 raids on LPG operations recently.
These raids have resulted in multiple FIRs and arrests.
Last Month's Increase
Last month, the Centre increased the 19 kg commercial cylinder price by Rs 993 across the country.
What to Watch Next
Monitor how businesses adjust to these increased LPG costs and whether this leads to price adjustments for consumers. Keep an eye on government actions to ensure stable fuel supplies and crack down on illegal activities within the LPG market.