The latest LPG Price Hike has pushed up costs for businesses across India. Oil marketing companies have increased the price of 19 kg commercial cylinders by ₹195.50 in major metro cities. The new rates came into effect from April 1.
As a result, restaurants, hotels, and small industries will feel the pressure. However, domestic consumers have some relief.
New Rates in Major Cities
Prices have gone up sharply. For instance, Delhi now sees commercial LPG priced at ₹2,078.50. Similarly, Kolkata stands at ₹2,208, while Mumbai has reached ₹2,031. In Chennai, the price has climbed to ₹2,246.50.
Meanwhile, domestic LPG cylinder prices remain unchanged. This brings some stability for household budgets.
Why the LPG Price Hike Happened
The LPG Price Hike is mainly linked to global factors. Most importantly, the Saudi Contract Price jumped by 44% from March to April. At the same time, supply disruptions in the Strait of Hormuz have tightened the market.
In fact, around 20–30% of global LPG supply is currently affected. As a result, prices have surged worldwide.
However, the government clarified an important point. Commercial LPG prices are not regulated. They depend on market trends and usually change every month.
Impact on Consumers and Fuel Prices
Although commercial prices have increased, domestic LPG remains steady. A 14.2 kg cylinder still costs ₹913, while PMUY beneficiaries pay ₹613.
Even then, oil companies are under pressure. They are facing losses of about ₹380 per cylinder. By the end of May, total losses may cross ₹40,000 crore.
On the other hand, petrol and diesel prices remain unchanged. In Delhi, petrol costs ₹94.77 per litre, while diesel is ₹87.67. Still, companies are absorbing significant losses here as well.
In conclusion, the current situation reflects global uncertainty. Yet, India continues to shield domestic users. Despite rising international costs, fuel prices for common consumers remain relatively stable.