NEW DELHI: The Oil marketing companies on Tuesday raised the price of 19-kg commercial LPG cylinders by Rs48.50, ahead of the festive season with the new rates taking effect from October 1.
Additionally, the cost of 5-kg Free Trade LPG cylinders has gone up by Rs 12.
As a result of the hike, a 19-kg LPG cylinder in Delhi will now cost Rs 1,740 compared to Rs 1,691.50 earlier.
Earlier on September 1, the oil marketing companies raised the price of 19 kg commercial LPG gas cylinders by Rs 39, following which the retail sales price of a 19 kg commercial LPG cylinder in Delhi reached Rs 1,691.50.
This marks the third consecutive monthly hike in the price of the 19-kg LPG cylinder, with a total increase of Rs 94 over the past three months.
This price adjustment has been implemented nationwide, impacting restaurants, hotels, and other commercial establishments that depend on LPG for their cooking and operational requirements.
However, domestic LPG cylinder rates have remained unchanged, providing some respite to households. The stability in domestic LPG prices has helped to alleviate the financial burden on families amidst the rising costs of other essential commodities.
The increased cost of commercial LPG may lead to higher operating expenses for businesses across various sectors. As a result, this could potentially trigger a rise in prices for end consumers in different industries, as companies may seek to offset the increased costs by adjusting their pricing strategies.