Oil marketing companies have announced a price hike for 19 kg commercial LPG gas cylinders, effective from Sunday. The price has been increased by Rs 39, bringing the retail sales price of a 19 kg commercial LPG cylinder in Delhi to Rs 1,691.50. This marks the latest adjustment in a series of price changes for commercial LPG cylinders over the past few months.
Recent Price Changes
Just a month ago, on July 1, oil marketing companies had announced a reduction in the prices of commercial LPG gas cylinders to offer some relief to businesses and commercial enterprises. The price of a 19 kg commercial LPG cylinder was reduced by Rs 30, bringing the new retail sales price in Delhi to Rs 1,646 at that time.
Previous Reductions
Before the July reduction, on June 1, the rate of 19 kg commercial LPG cylinders in Delhi was slashed by Rs 69.50, lowering the retail sales price to Rs 1,676. Additionally, on May 1, 2024, there was a minor reduction of Rs 19 per cylinder. These adjustments reflect the oil marketing companies’ efforts to respond to market conditions and provide some relief to commercial consumers.
Factors Influencing Price Adjustments
The frequent adjustments in LPG cylinder prices, typically occurring at the start of each month, highlight the dynamic nature of the market. Several factors influence these pricing decisions, including international oil prices, taxation policies, and supply-demand dynamics. Although the exact reasons behind the recent price increase have not been disclosed, it is evident that the oil marketing companies are closely monitoring broader economic conditions and market fluctuations to determine pricing strategies.
Conclusion
The recent hike in commercial LPG cylinder prices serves as a reminder of the volatility in fuel costs and the ongoing adjustments that businesses need to navigate. With the new price set at Rs 1,691.50 in Delhi, commercial enterprises must adapt to the changing costs as oil marketing companies continue to respond to global and domestic economic conditions.
