In an unexpected turn of events on the morning of February 1, LPG customers across the country woke up to a surprise as oil companies announced a hike in the prices of LPG cylinders. The increase, affecting 19KG commercial cylinders, is attributed to heightened demand during the winter season and fluctuations in international market prices.
Reasons for the Hike: The surge in demand during the winter season, coupled with global market dynamics, has led to a notable increase in the prices of 19KG commercial gas cylinders. However, it’s crucial to note that there has been no alteration in the prices of domestic LPG gas cylinders.
As of today, the new prices for commercial gas cylinders are in effect, reflecting an increment of Rs 14 compared to the previous rates. This comes on the heels of a modest increase of Rs 1.50 in the prices of commercial gas cylinders by oil companies in the preceding month.
New Prices Across Metros:
- In Delhi, the revised price for a 19 kg commercial gas cylinder stands at Rs 1769.50.
- In Kolkata, customers will now pay Rs 1887.00 for the same.
- Mumbai witnesses a price hike to Rs 1723.50.
- In Chennai, the new price is set at Rs 1937.00.
Impact on LPG Consumers: The unexpected price hike has left LPG consumers surprised and concerned about the escalating costs of essential household commodities. As winter intensifies, the demand for LPG rises, leading to a direct impact on pricing.
Future Implications: The decision by oil companies to increase the prices of commercial gas cylinders highlights the vulnerability of LPG prices to seasonal demand and international market fluctuations. Consumers may need to brace themselves for potential future adjustments in response to market dynamics.
In Shorts:
- LPG customers were taken aback on February 1 by a sudden hike in the prices of commercial gas cylinders.
- The surge is attributed to increased demand during the winter season and international market fluctuations.
- The price of 19KG commercial cylinders has been raised by Rs 14, while domestic LPG gas cylinder rates remain unchanged.
- The new prices for commercial gas cylinders are effective immediately, following a modest increase of Rs 1.50 in the previous month.
