Commercial LPG cylinder prices hiked by Rs 62, domestic rates unchanged
Oil Companies Raise Prices of Commercial LPG Cylinders in India After Diwali
In a significant move following the Diwali festival, oil marketing companies in India have increased the prices of commercial LPG gas cylinders. The cost of a 19 kg commercial LPG cylinder has risen by Rs 62, making it Rs 1,802 in Delhi. Previously, it was priced at Rs 1,740. Additionally, the price of 5 kg Free Trade LPG cylinders has gone up by Rs 15. However, the price of the 14.2 kg domestic LPG cylinders remains unchanged, providing relief to households.
This price adjustment is expected to affect commercial establishments and small businesses that depend on LPG for their operations. The revision is part of a broader trend in fuel price changes due to fluctuating global market conditions. On October 1, the prices of 19 kg commercial LPG cylinders were increased by Rs 48.50, impacting businesses that rely on these cylinders. The 5 kg Free Trade LPG cylinders also saw a Rs 12 increase.
The revised prices are now effective nationwide, influencing the cost structure for many businesses. This increase may lead to higher operating costs for affected sectors, potentially resulting in increased prices for consumers in various industries.
Doubts Revealed
LPG
LPG stands for Liquefied Petroleum Gas. It is a type of gas used for cooking and heating. In India, it is commonly used in homes and businesses.
Commercial LPG Cylinder
A commercial LPG cylinder is a large gas cylinder used by businesses like hotels and restaurants for cooking and other purposes. It is different from the smaller cylinders used in homes.
Diwali
Diwali is a major festival in India, also known as the Festival of Lights. It is celebrated with fireworks, sweets, and lighting lamps, and marks the victory of light over darkness.
Oil Marketing Companies
Oil marketing companies are businesses that sell and distribute oil and gas products. In India, companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum are major players in this sector.
Global Market Changes
Global market changes refer to fluctuations in prices and demand for goods like oil and gas around the world. These changes can affect local prices in India, including those of LPG cylinders.
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