Kolkata: The prices of commercial LPG cylinders have been raised again. This time the rise is by more than Rs 195. This is for the 19-kg cylinders which
are used for commercial purposes. However, the price of domestic gas cylinders has not been raised this time.
The reason for this price hike is also the same as the raise last time — the natural gas supply constraints arising out the US-Iran war. It has been pointed out by analysts that the war has hit natural gas supplies harder than crude oil supplied. Since natual gas needs to be handled in special containers and cannot be stored like crude reserves, it has to follow hust-in-time supplies which has been completely thrown haywire by the war in the gulf that has resulted in a strike on gas assets in West Asia. Also a number of key gas fields such as Ras Laffan Industrial City, the world’s largest liquefied natural gas hub in Qatar, have been hit and they have suspended production.
Commercial gas cylinder price hikes in different cities
The PSU oil marketing companies have increased the price of a 19-kg commercial LPG cylinder by Rs 195.50 and more. Consequently, the price of a cylinder in Delhi now stands at Rs 2,078.50. This increase will directly impact small businesses and the food industry, particularly hotels and eateries. This will directly lead to surging prices of meals. Let’s have a look at the price of commercial gas cylinders in the major cities.
New Delhi: New price: Rs 2,078.50
Chennai: New price: Rs 2,234.50
Mumbai: New price Rs 2,051.00
Kolkata: New price: Rs 2,208.00
All oil marketing companies such as Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum revise gas prices on the first day of every month. These companies determine rates based on the international price of gas and the value of the rupee against the US dollar — both of which continue to suffer due to the US-Iran war.
