State-owned oil marketing corporations Indian Oil, Bharat Petroleum and Hindustan Petroleum have increased the price of 19 kg commercial LPG cylinders by over ₹100 with effect from December 1, even as they have kept domestic cooking gas prices unchanged. left it.
As a result, a 19 kg cylinder supplied by Indian Oil in Delhi will cost ₹2,101 as against ₹2,000.50; ₹2,051 (₹1,950) in Mumbai; Kolkata ₹2,177 (₹2073.50); Chennai ₹2,234.50 (₹2,133) and Hyderabad ₹2,278 (₹2,175).
Wednesday’s revision follows an increase of Rs 266, the sharpest in several years, the companies announced last month in the price of refills, across businesses ranging from tea stalls, restaurants to caterers, large and small. is for use. An increase of around ₹370 in a short span of time may thus prompt many users, especially small eateries, to consider revising the rates on the menu.
Intense competition, the need to stay in business and seasonal changes in LPG prices – winter in the Northern Hemisphere drives global demand – can still deter many people from resorting to pass throughs. As a relief measure, a consortium of hotels and restaurants recently appealed to the Center to reduce the GST on commercial LPG from 18% to 5%.
The prices of petroleum products are linked to the international market. However, the government continues to revise the effective price to the consumer for subsidized domestic LPG and the retail sale price of kerosene supplied under the Public Distribution System, Union Minister of State for Petroleum and Natural Gas Rameshwar Teli recently told the Rajya Sabha. Told to
The hike in commercial LPG prices comes amid growing concerns over Omicron and its impact on the economy.
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