{"id":"f-80ae245e0c-9d105673-98e3-5884-91eb-ee1111e23c6f","title":"Food delivery players, restaurant stocks fall amid worries over LPG shortage","description":"","timestamp":1773156983,"category":"business","headline":"Food delivery players, restaurant stocks fall amid worries over LPG shortage","modifiedHeadline":"Restaurant stocks fall amid LPG shortage concerns","subCategories":["scid_35b4c0c1"],"subcategoriesName":["Industry"],"region":"IN","bundleMetaData":{"bundleId":"7b48871c-c993-4956-b43d-6f46f8e1b036","bundleTitle":"Today In India","cardData":null},"iabCategoryId":"96","fcSummary":"food delivery companies and restaurant stocks declined due to a commercial lpg cylinder shortage. hotels and eateries across india, including mumbai, pune, and delhi, face potential closures within days if supplies aren't restored. the crisis stems from a government priority shift favoring cng and piped gas amid the west asia conflict, impacting market-priced lpg for businesses.","summary":"Stocks of food delivery players and restaurants ended lower amid a shortage of LPG cylinders, which triggered fears of operations being shut.","ctaUrl":"https://trends.glance.com/newz/news/IN/en/news18/f-80ae245e0c-9d105673-98e3-5884-91eb-ee1111e23c6f","sourceUrl":"https://www.news18.com/agency-feeds/food-delivery-players-restaurant-stocks-fall-amid-worries-over-lpg-shortage-9953484.html","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/ZCyoEOsA-wr0.webp","content":"

New Delhi, Mar 10 (PTI) Stocks of food delivery players and restaurants ended lower on Tuesday amid a shortage of commercial LPG cylinders, which triggered fears of operations being shut if the situation

\n\n

is not resolved.

The stock of food delivery player Swiggy fell by 2.26 per cent, while Eternal lost 1.50 per cent on the BSE.

Jubilant FoodWorks, which operates fast-food chains Domino’s Pizza and Dunkin’ Donuts, declined 1.45 per cent.

\n\n

Also, United Foodbrands slipped 1.42 per cent, Sapphire Foods India edged lower by 0.94 per cent, and Restaurant Brands Asia dipped 0.73 per cent.

Hit hard by the shortage of commercial LPG cylinders, the hoteliers’ body, FHRAI, on Tuesday said a large number of hotels and eateries in Mumbai will have to shut operations in the next two days if the situation is not resolved.

\n\n

Similar disruptions are also reported from Pune, Aurangabad, Nagpur, Delhi, Karnataka, Telangana, and Andhra Pradesh, Pradeep Shetty, Vice President, Federation of Hotel and Restaurant Association of India (FHRAI) said.

Amid the West Asia crisis, the government has revised the priority order for allocating domestically produced natural gas, placing LPG production alongside CNG and piped cooking gas at the top. This has led to a supply crunch for hotels and restaurants, which use market-priced commercial LPG.

\n\n

The shortage of commercial LPG has become extremely serious over the past week, with intermittent disruptions escalating into a near-complete halt in supply in several regions since Monday, said Shetty, who is also the Spokesperson, Hotel and Restaurant Association (Western India) – HRAWI.

“We are already receiving reports of severe shortages from cities including Mumbai, Pune, Aurangabad and Nagpur, while similar disruptions are being reported in states such as Delhi, Karnataka, Telangana and Andhra Pradesh.

\n\n

“If the situation does not improve within the next two days, nearly 50 per cent of hotels and restaurants in Mumbai may be forced to temporarily shut operations depending on the stock of cylinders they currently have,” he cautioned. PTI SUM DRR

","readDurationInMinutes":"3","author":{"name":"News18","logo":"https://glance-mob.glance-cdn.com/public/bubble/png/93a0a932-2fe3-40ed-bfdb-4582706f8183.jpeg"},"ism":false,"analyticsResponses":[],"pointerSummary":["Food delivery & restaurant stocks fell amid LPG cylinder shortages.","FHRAI warns Mumbai hotels/eateries may shut in two days due to supply.","LPG allocation prioritisation caused disruptions across India; 50% risk."],"tags":["LPGShortage","FoodDelivery","RestaurantIndustry","StockMarket","CommercialLPG","FHRAI","MumbaiRestaurants","IndiaEconomy","SupplyChain","JubilantFoodWorks","Swiggy","Eternal","UnitedFoodbrands","SapphireFoodsIndia","RestaurantBrandsAsia","WestAsiaCrisis","NaturalGas","HotelIndustry","EconomicImpact"],"redirectionEnabled":false,"consent":true}

Food delivery players, restaurant stocks fall amid worries over LPG shortage

SUMMARY