Oil Marketing Companies (OMCs) have implemented a Rs 21 per cylinder hike in commercial LPG prices across the country, affecting various industries, especially restaurants and food businesses. The price adjustment, effective from December 1, is poised to impact individuals dining out.
Impact on Businesses
The increase in commercial LPG prices brings a significant challenge for the restaurant and food industry, potentially influencing operational costs. With the new rates in place, businesses may need to reassess their budgeting and pricing strategies to navigate the impact effectively.
New Rates for 19-kg LPG Cylinders
Post the revision, a 19 kg LPG cylinder is now priced at Rs 1796.50 in Delhi, Rs 1908 in Kolkata, Rs 1749 in Mumbai, and Rs 1968.50 in Chennai. These adjustments follow a series of changes, including a Rs 100 increase on November 1 and a subsequent reduction of Rs 57 on November 16.
Relief for Domestic Consumers
On a positive note, domestic consumers will experience no change in the price of the 14.2 kg LPG gas cylinder used for household cooking purposes. The price remains steady at Rs 903 per cylinder, offering relief to households. Earlier, the government had reduced the price by Rs 200.
ATF Price Cut and Potential Airfare Relief
Oil marketing companies have also reduced Aviation Turbine Fuel (ATF) prices by 4.6%, marking the second reduction in a month. The new prices may bring relief for domestic airlines, potentially leading to reduced airfares and making air travel more affordable for passengers.
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