Oil marketing companies have increased the price of 19 kg commercial LPG gas cylinder by Rs 39, which has come into effect from Sunday. After this increase, the retail selling price of 19 kg commercial LPG cylinder in Delhi has become Rs 1,691.50.
Impact on restaurants and businesses
This increased price will have a direct impact on restaurants, dhabas and small businesses. As a result, the prices of food items are likely to increase, which will put an additional burden on the pockets of the common man. Businessmen are also struggling with this rising inflation, which is increasing their costs and reducing profits.
Reasons for frequent changes in prices
Frequent changes in LPG cylinder prices depend on factors such as international oil prices, tax policy, and demand-supply. Although the exact reasons behind the recent price changes have not been disclosed, it is clear that oil marketing companies are sensitive to macroeconomic conditions and markets.
LPG Cylinder Price Details
Date Increase/Decrease (in Rs.) New Price (in Rs.) 1 May 2024 -19 1,676 1 June 2024 -69.50 1,646 1 July 2024 -30 1,646 1 September 2024 +39 1,691.50
This price hike will not only affect the restaurants but also the kitchen budget of common people. If such price hike continues in the coming time, then the burden of inflation may increase even more.
Latest Reads For Your.
I am from Bihar. I am proud of being from Bihar. I teach a lesson to fake news. I am a friend of the migrants. India is my everything. You can contact me on Instagram at @nyabihar and lov@gulfhindi.com.
More by Lov Singh
