Reacting to the recent Rs 993 increase in commercial LPG cylinder prices, Union Minister Pralhad Joshi explained that the surge is a result of global factors impacting India’s heavy reliance on LPG imports. Joshi highlighted that over 50% of the country’s LPG needs are met through imports, leading to the current challenges faced. Despite this, the government under Prime Minister Narendra Modi has maintained stability in key fuel prices, keeping domestic LPG, petrol, diesel, and piped natural gas rates unchanged so far.
In Bihar, BJP leader Ram Kripal Yadav also acknowledged the challenges posed by the rising commercial LPG cylinder prices, attributing them to the global situation. Yadav emphasized that the government is closely monitoring the scenario to ensure minimal inconvenience to consumers amidst the ongoing global uncertainties. Despite external pressures to adjust fuel prices due to international tensions, the government has opted to maintain the current rates for domestic LPG, petrol, diesel, and piped natural gas.
The commercial LPG prices have seen a significant hike, with an average increase of Rs 993 per 19-kg cylinder. In Delhi, the cost of commercial LPG cylinders has risen to Rs 3,071.50 from Rs 2,078.50, while in Mumbai, prices have surged from Rs 2,031 to Rs 3,024. This latest hike marks the third increase in commercial LPG prices since the escalation of tensions related to Iran at the end of February, with previous hikes of Rs 144 in March and nearly Rs 200 in April.
The continuous revisions in prices are expected to have a notable impact on businesses such as restaurants and eateries that heavily rely on LPG for their daily operations. Observers predict that these establishments may transfer the additional costs to consumers, potentially leading to higher expenses for dining out and food delivery in the near future.
