Just ahead of the auspicious festival of Diwali, significant news has emerged for citizens and business owners across the country. Amidst the festive season, an increase in the prices of commercial gas cylinders has been witnessed in India. Notably, this marks the third consecutive month that commercial LPG cylinder prices have experienced an upward revision. Meanwhile, providing relief to the general public, domestic gas cylinder prices have once again remained completely unchanged with no alterations to their rates. According to data released by the Indian Oil Corporation Limited, commonly known as IOCL, commercial gas cylinder prices have been hiked across all four major metropolitan cities, ranging from the national capital New Delhi to Kolkata, Mumbai, and Chennai.
A detailed look at the statistical data reveals that rates have gone up by amounts ranging from 10 rupees to 17 rupees per gas cylinder across the four metropolitan hubs, with Kolkata recording the highest increase. With Diwali just around the corner, this price hike in commercial gas cylinders could directly impact operational costs for businesses, potentially making sweets and restaurant food more expensive for consumers. On the flip side, households utilizing domestic cylinders can breathe a sigh of relief as no changes have been implemented in domestic LPG pricing. According to official records, domestic gas cylinder prices were last modified back in the month of June, while let us examine the exact extent of the price hikes and the new commercial gas cylinder rates across the four major metropolitan cities.
New Commercial Gas Cylinder Rates Across Four Metros
In accordance with the latest data published by IOCL, commercial gas cylinder prices have gone up for the third consecutive time across the four major metropolitan cities of the country, while analyzing the statistics city by city, the price of a commercial gas cylinder in the national capital of New Delhi has been increased by 10 rupees, bringing the revised rate to 2820 rupees. Meanwhile, Kolkata has witnessed the steepest hike of 17 rupees in commercial gas cylinder prices, pushing the new rate up to 2971 rupees. 50 rupees. 50 rupees respectively.
Price Hikes Recorded For The Third Consecutive Month
Reviewing the comprehensive statistics provided by IOCL, the upward trend in commercial gas cylinder pricing across the four metropolitan areas has continued uninterrupted for three straight months. When calculating the cumulative price rise since the month of August, commercial gas cylinder rates in Delhi have escalated by a total of 82 rupees. 50 rupees over the past three months. 50 rupees in Chennai respectively. These continuous monthly price escalations have Notably added to operational overheads for commercial establishments.
Domestic Gas Cylinder Prices Remain Completely Unchanged
In sharp contrast to the continuous upward revisions observed in commercial gas cylinders, domestic LPG gas cylinder prices have experienced absolutely no modifications. Examining the official data figures, domestic LPG cylinder rates in the national capital New Delhi continue to hold steady at 942 rupees. Similarly, domestic gas cylinder pricing in Kolkata remains unchanged at 968 rupees, showing no fluctuations whatsoever. 50 rupees. It's worth recalling that domestic gas cylinder prices were last revised upward back in the month of June, and household consumers have not faced any additional financial burdens on this front since then.