Commercial LPG cylinder rate increased by Rs 48.5 ahead of festive season
New Delhi/IBNS: Ahead of the festive season, the Indian oil marketing companies have implemented a price hike for commercial LPG gas cylinders, with the new rates taking effect on Tuesday (Oct. 1).
The price of a 19 kg commercial LPG cylinder has been increased by Rs 48.50, bringing the cost in Delhi from Rs 1,691.50 to Rs 1,740.
In addition to the 19 kg cylinder, the price of 5 kg Free Trade LPG cylinders has also risen by Rs 12.
This price adjustment will affect restaurants, hotels, and other commercial businesses that rely on these cylinders for their daily operations.
However, there has been no change in the prices of domestic LPG cylinders, offering some respite to households.
The new rates are applicable nationwide and are expected to impact the cost structure for businesses dependent on LPG for cooking and operations, and as a result, this could lead to increased operating expenses for these sectors and potentially higher prices for consumers.
The most recent price hike took place on Sept. 1, when the cost of a 19 kg commercial LPG cylinder was raised by Rs 39, which followed a price reduction on July 1, when the cost was lowered by Rs 30 to provide some relief to businesses and commercial establishments.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
PM Modi urges Indians to go 'Vocal for Local' in festival shopping
Pakistan’s mineral show-and-tell: Sharif and Munir try to charm Trump
Rain predicted during Durga Puja days, Yellow warnings for all Tripura districts
Festive mode on high from ‘Maha Shasti’ day, Agartala city witness massive crowd
