Inflation Shock Before Diwali: LPG Cylinder Prices Surge – Delhi at Rs 1833, Kolkata at Rs 1943, Mumbai at Rs 1785.50, and Chennai at Rs 1999.50

In a development that is causing concern for consumers and businesses alike, the price of 19 kg commercial LPG gas cylinders has experienced a sharp upward trajectory, just days before the festival of Diwali.

An increase of Rs 101 per cylinder has been recorded across the entire nation. This surge has led to the retail price of a 19 kg commercial LPG gas cylinder in Delhi reaching a new high of Rs 1833 per cylinder.

The price hike of more than Rs 100 for the 19 kg cylinder has taken many by surprise, especially as the festive season approaches. For those relying on these larger cylinders, this increase may have a significant impact on their budgets. However, in contrast, the price of the 14.2 kg LPG cylinder, which is commonly used in households, remains unchanged at its previous rate.

For a more detailed look at the new prices for commercial gas cylinders in key metropolitan areas:

• In Delhi, consumers will now need to allocate Rs 1833 for a 19 kg commercial gas cylinder.
• Kolkata witnesses a price of Rs 1943 for the same cylinder.
• Mumbai is also grappling with increased prices, with the 19 kg cylinder now costing Rs 1785.50.
• Chennai is facing the steepest increase, where the price is set at Rs 1999.50.

This recent escalation in gas prices comes on the heels of a previous hike on October 1st, which saw prices surge by about Rs 200. The cumulative effect of these price hikes is likely to be felt by households and businesses as they prepare for the festive season. With Diwali just around the corner, the timing of these increases adds to the challenges faced by consumers.

The reasons for these frequent price hikes in LPG cylinders are often attributed to changes in international oil prices and fluctuating exchange rates. These factors can result in variations in the cost of import and production of LPG, which subsequently affect its retail price.

While these price hikes can strain budgets, many consumers are now looking for more sustainable and energy-efficient alternatives to mitigate the impact on their finances. As we approach Diwali, it remains to be seen how these increased costs will impact the celebrations and spending patterns of Indian households during this festive season.