New Delhi: LPG prices for commercial cylinders on Wednesday was increased by Rs 103.50. The price rise will be effective from today onwards.
Commercial cylinders of the 19 kg in Delhi will cost Rs 2,104 from today onwards which was costing Rs 2000.50 earlier. The price of commercial gas cylinder in Kolkata increased by Rs 101 to Rs 2,174.5. Earlier its price was Rs 2073.5. The commercial gas price in Mumbai has gone up to Rs 2,051. Earlier the price was Rs 1,950. There has been an increase of Rs 101 here. At the same time, the price of 19 kg commercial gas cylinder in Chennai has gone up to Rs 2,234.50. Earlier the price was Rs 2,133.
However, the respite is that there is no increase in domestic LPG cylinders by the petroleum companies. The price of a non-subsidized 14.2 kg domestic cylinder in Delhi will be Rs 899.50 per bottle, while the new rate of 5kg domestic cylinder stands at Rs 502.
Wednesday’s revision follows the ₹266 increase, one of the steepest in many years, the companies had announced last month in the price of the refill, which is meant for use of commercial establishments, big and small, from tea stalls, restaurants to caterers. This is nearly ₹370 increase in a short span is thus likely to prompt many users, especially smaller eateries, consider revising rates on the menu.
Intense competition, a need to remain in business as well as seasonal variations in the LPG prices – winter in the northern hemisphere pushes up global demand – may still hold back many from resorting to a pass through. As a relief measure, an association of hotels and restaurants was recently reported to have appealed to the Centre to reduce the Goods and Services Tax (GST) on commercial LPG from 18% to 5%.
While increasing the commercial LPG price on Wednesday, the oil companies have kept the domestic LPG (14.2 kg cylinder) price unchanged. The move to raise the commercial LPG price comes amid growing concerns over Omicron, the new variant of coronavirus, and its impact on the economy.
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