Significant Rise in Commercial LPG Prices Amid Global Energy Crisis

Commercial LPG Price Surge

New Delhi, May 1: The cost of commercial LPG has seen an unprecedented increase of Rs 993 for a 19-kg cylinder, marking the third consecutive monthly rise attributed to escalating global energy prices due to the ongoing conflict in West Asia.

As a result, the price for a 19-kg commercial LPG cylinder, commonly utilized by businesses like hotels and restaurants, has reached a staggering Rs 3,071.5 in Delhi, up from Rs 2,078.50.

The last adjustment in rates occurred on April 1, when prices rose by Rs 195.50 per cylinder. This followed an earlier increase of Rs 114.5 on March 1.

In total, the commercial LPG prices have surged by Rs 1,303 over these three hikes.

In contrast, the prices for domestic cooking gas LPG, which is used in households, have remained stable. The last increase for domestic LPG was Rs 60 for a 14.2-kg cylinder on March 7, bringing the current price to Rs 913 in Delhi.

State-run companies, including Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum, adjust the prices of ATF and LPG on the first day of each month, taking into account international market rates and currency fluctuations.

Following the conflict in West Asia, global oil prices have surged nearly 50%, disrupting energy supply chains.

Meanwhile, petrol and diesel prices have remained unchanged since a Rs 2 per-litre cut in March of the previous year, with petrol priced at Rs 94.72 per litre and diesel at Rs 87.62 in Delhi.