Oil marketing companies (OMCs) have increased the price of 19 kg commercial LPG cylinder by Rs 39 from September 1. After this hike, the retail price of a 19 kg commercial LPG cylinder in Delhi is now Rs 1,691.50.
The sudden inflation in LPG prices is likely to impact businesses across sectors ranging from restaurants and hotels to small-scale industries as consumers grapple with increasing costs.
Earlier, OMC had reduced commercial LPG gas cylinder prices by Rs 30 on July 1 to provide relief to businesses and commercial establishments. Due to this cut, the retail price of 19 kg commercial LPG cylinder in Delhi has come down to Rs 1,646.
On June 1, the price of a 19 kg commercial LPG cylinder in Delhi was reduced by Rs 69.50, taking the retail price to Rs 1,676. Earlier on May 1, the price was further reduced by Rs 19 per cylinder.
Regular price adjustments at the beginning of each month highlight the dynamic nature of the market.
Various factors such as international oil prices, taxation policies and supply-demand dynamics play an important role in these pricing decisions.
Although the exact reasons behind recent price changes have not been disclosed, it is clear that oil marketing companies are responsive to macroeconomic conditions and markets.
