Restaurants, hotels and small businesses across the country received a welcome boost on Tuesday after oil marketing companies reduced the price of 19-kg commercial LPG cylinders by Rs 183.50. The revised rates came into effect from July 1, marking the first reduction in commercial LPG prices this year.
The price cut is expected to provide much-needed relief to businesses that depend on LPG for daily operations. From neighbourhood eateries and tea stalls to large restaurants and catering services, many commercial establishments have been grappling with higher fuel costs over the past few months. The latest reduction is likely to ease operational expenses and improve profit margins, especially for businesses already facing rising food and labour costs.
Following the revision, the price of a 19-kg commercial LPG cylinder in Delhi has come down to Rs 2,930 from Rs 3,113.50. Similar reductions have also been implemented in other major cities, bringing relief to thousands of commercial users across the country.
Restaurant owners and food vendors welcomed the move, saying lower cooking fuel costs would help reduce the financial burden on businesses. However, many pointed out that stable fuel prices over a longer period would be more beneficial than one-time reductions, allowing them to plan their expenses with greater certainty.
While businesses have reason to cheer, households did not receive any relief. Oil marketing companies have kept the prices of 14.2-kg domestic LPG cylinders unchanged in the latest monthly revision. As a result, families will continue paying the existing rates for cooking gas, despite expectations that domestic cylinder prices could also be revised.
The reduction in commercial LPG prices comes amid easing global energy prices after geopolitical tensions in West Asia showed signs of cooling. Commercial LPG rates had increased several times in recent months due to fluctuations in international fuel prices and supply concerns.
