Commercial LPG cylinder prices surge across major cities due to global oil spike, hotels and restaurants face a fresh burden while domestic rates remain unchanged
New Delhi: In a major price shock for commercial users, the cost of commercial LPG cylinders has been increased by Rs 195.50, effective April 1, intensifying the financial burden on sectors like hotels, restaurants, and small businesses already grappling with supply fluctuations.
The sharp hike comes amid rising global crude oil prices, largely triggered by escalating tensions in West Asia, which have significantly impacted fuel supply chains.
As per standard practice, oil marketing companies, including Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum revise fuel prices on the first day of every month, based on international benchmarks and currency exchange rates.
“The ongoing global crisis has disrupted supply and pushed prices higher, directly affecting commercial consumers,” industry sources noted.
- New Delhi – Rs 2078.50
- Kolkata – Rs 2208.00
- Mumbai – Rs 2031.00
- Chennai – Rs 2246.50
The increase is expected to directly impact food prices and service costs, as businesses pass on the additional burden to consumers.
This comes after a Rs 60 hike on March 7, after which domestic rates have remained stable.
The crisis has also affected oil transit through the Strait of Hormuz, a critical passage through which nearly 20% of the world’s oil supply is transported.
The situation worsened following the reported death of Ali Khamenei on February 28, further destabilising the region and impacting global energy markets.
Authorities and industry stakeholders are closely monitoring the situation, hoping for geopolitical stability to ease pressure on fuel prices.
