Price Hike Alert: As September 2024 begins, consumers face another round of price hikes in LPG (Liquefied Petroleum Gas) cylinders. This increase, following a similar hike in August, primarily affects commercial LPG cylinders, while domestic cylinder prices remain stable. Let’s delve into the details of this price change and its implications for consumers across major Indian cities.
Commercial LPG Cylinder Price Increase
The latest price hike, effective from September 1, 2024, sees a significant increase in the cost of 19 kg commercial LPG cylinders. In Delhi, the price has risen by ₹39, from ₹1,652.50 to ₹1,691.50. This change came into effect at 6 am on September 1, as per the Indian Oil Corporation Limited (IOCL) website.
Price Changes in Major Cities
The price increase varies across different cities:
1. Delhi: ₹39 increase, new price ₹1,691.50
2. Kolkata: ₹38 increase, new price ₹1,802.50
3. Mumbai: ₹39 increase, new price ₹1,644
4. Chennai: ₹38 increase, new price ₹1,855
These changes mark the second consecutive month of price hikes for commercial LPG cylinders.
Recent Pricing Trends
The pricing trend for commercial LPG cylinders has been fluctuating:
– July 2024: Prices were reduced by ₹30 in Delhi.
– August 2024: Prices increased.
– September 2024: Another increase, as detailed above.
यह भी पढ़े:
अब इन राशन कार्ड धारकों को नहीं मिलेगा राशन, तुरंत चेक करें अपना नाम – Ration Card E-KYC Date
This pattern indicates a volatile market for commercial LPG prices, affecting businesses that rely heavily on these cylinders.
Domestic LPG Cylinder Prices Remain Stable
In contrast to the commercial sector, domestic LPG cylinder prices have remained unchanged for several months. The last significant change was on Women’s Day when the government reduced the price of 14 kg domestic cylinders by ₹100. Current prices for domestic cylinders in major cities are:
– Delhi: ₹803
– Kolkata: ₹829
– Mumbai: ₹802.50
– Chennai: ₹818.50
Impact on Consumers and Businesses
The rising cost of commercial LPG cylinders is likely to have a cascading effect on various industries, particularly the hospitality sector. Restaurants, hotels, and other food service establishments may face increased operational costs, which could potentially lead to higher prices for consumers.
On the other hand, the stability in domestic LPG prices provides some relief to households. This price stability helps in maintaining the household budget, especially important during times of economic uncertainty.
Factors Influencing LPG Prices
Several factors contribute to the fluctuation in LPG prices:
1. Global crude oil prices
2. Currency exchange rates
3. Domestic demand and supply
4. Government policies and subsidies
यह भी पढ़े:
सस्ता हो गया गैस सिलेंडर नए रेट हुए जारी, यहाँ से चेक करें LPG Gas Cylinder New Rate 2024
The recent increase in commercial LPG prices could be attributed to a combination of these factors, with global oil prices playing a significant role.
Government’s Role in Price Regulation
The Indian government plays a crucial role in regulating LPG prices, especially for domestic use. The stability in domestic LPG prices despite increases in the commercial sector suggests a policy aimed at protecting household consumers from market volatilities.
Conclusion
As we move further into September 2024, the increase in commercial LPG cylinder prices presents challenges for businesses, particularly in the hospitality and food service industries. While domestic consumers are currently shielded from these hikes, the overall trend in LPG pricing remains an important economic indicator to watch.
Consumers and businesses alike should stay informed about these price changes and their potential impacts. For businesses, it may be necessary to review and adjust operational costs, while households can take comfort in the current stability of domestic LPG prices. As always, efficient use of LPG and exploring alternative energy sources where possible can help mitigate the impact of these price fluctuations.