Oil Companies Raise Prices of Commercial LPG Cylinders in New Delhi
On October 1, oil marketing companies announced a price hike for commercial LPG gas cylinders. The price of a 19 kg commercial LPG gas cylinder has increased by Rs 48.50, bringing the new cost to Rs 1,740 in New Delhi. Additionally, the price of 5 kg Free Trade LPG cylinders has risen by Rs 12.
This price increase will affect restaurants, hotels, and other commercial establishments that rely on these cylinders for their daily operations. Last month, on September 1, the price of 19 kg commercial LPG gas cylinders was also increased by Rs 39, making the price Rs 1,691.50 at that time.
Despite the rise in commercial LPG prices, domestic LPG cylinder rates have not changed, offering some relief to households. The revised prices are now in effect across the country, impacting the cost structure for many businesses that depend on LPG for cooking and other operational needs. This increase may lead to higher operating costs for these sectors, potentially resulting in higher prices for end consumers.
Doubts Revealed
Oil marketing companies -: These are companies that sell and distribute oil and gas products, like petrol and LPG (cooking gas). Examples in India include Indian Oil, Bharat Petroleum, and Hindustan Petroleum.
Commercial LPG cylinders -: These are large gas cylinders used by businesses like restaurants and hotels for cooking and other purposes. They are different from the smaller cylinders used at home.
New Delhi -: New Delhi is the capital city of India. It is a big city where many important government offices and businesses are located.
Rs 48.50 -: This means 48 rupees and 50 paise. Rupees (Rs) is the currency used in India.
Rs 1,740 -: This means 1,740 rupees. It is the new price of a 19 kg commercial LPG cylinder after the price increase.
5 kg Free Trade LPG cylinders -: These are smaller gas cylinders that weigh 5 kilograms. ‘Free Trade’ means they are sold without any government subsidy.
October 1 -: This is the date when the new prices started. October is the tenth month of the year.
Domestic LPG cylinder -: These are gas cylinders used in homes for cooking. They are smaller and often cheaper than commercial cylinders.
