New Delhi, Jul 01: Commercial LPG cylinder prices have been reduced by Rs 183.50 with effect from July 1, offering relief to hotels, restaurants and other businesses, while domestic consumers will continue to pay the existing rates for household cooking gas.
The monthly revision by oil marketing companies (OMCs) has brought down the price of a 19-kg commercial LPG cylinder in Delhi from Rs 3,113.50 to Rs 2,930.
The reduction marks the first cut in commercial LPG prices this year after several consecutive hikes driven by geopolitical tensions in the Middle East, supply disruptions and elevated international energy prices.
The latest price revision is expected to lower operating costs for businesses that rely heavily on commercial LPG, including restaurants, hotels, bakeries, caterers, roadside eateries and cloud kitchens.
However, there is no relief for domestic consumers, as the price of the standard 14.2-kg household LPG cylinder remains unchanged across the country.
Oil marketing companies review LPG prices on the first day of every month. While commercial cylinder prices largely reflect changes in international fuel markets, domestic LPG prices are also influenced by government policy.
Commercial LPG prices had risen sharply in recent months due to higher global LPG prices and increased import costs amid uncertainty in global energy markets. The latest reduction indicates some easing in those pressures, although commercial cylinder prices remain above levels seen before this year’s surge.
