Commercial LPG Price Hike: Since the beginning of December, the common man has got a big shock. Actually, there has been an increase in the prices of commercial gas cylinders. Because of which the kitchen budget is going to deteriorate. Let us know in the news below how much the cylinder rates have increased-
Public sector oil marketing companies have once again increased the price of LPG (Commercial LPG Price). However, this increase has been made on commercial gas cylinders. The price of LPG has increased by Rs 21.
Earlier on November 1 also, its price was increased by Rs 100. However, after that on November 16, its price was reduced by Rs 57. Now a 19 kg gas cylinder will be available in Delhi for Rs 1796.5. Please note that there has been no change in the price of domestic gas.
Apart from Delhi, now Rs 1,749 will have to be paid for commercial LPG in Mumbai. At the same time, its price has become Rs 1,968.50 in Chennai and Rs 1,908 in Kolkata. These changes have come into effect with immediate effect. Earlier, the price of commercial LPG in Delhi was Rs 1775.50.
No change in the price of domestic gas
There has been no change in the prices of domestic gas. The last time the price of non-subsidized domestic LPG cylinder was cut was on August 30. Then in Delhi it was reduced from Rs 1103 to Rs 903. Its price in Kolkata is Rs 929, in Mumbai Rs 902.50 and in Chennai Rs 918.50.
What difference will the change make?
Eating out may become expensive after the increase in commercial LPG prices. When you go to restaurants and hotels, a higher bill than before can increase the burden on your pocket.
Therefore, going out can spoil your budget. However, it will not have any impact on the domestic budget. People associated with hotel-restaurant business may have to make price adjustments again to maintain profits as well as sales.
How is the price decided?
First of all its price is decided by the international market. After this, the cost of bringing it to India, dealer’s commission, GST and other taxes together form the retail price of a cylinder. Gas is purchased in dollars, hence its prices are also affected by fluctuations in the dollar and rupee.
Import Parity Price Formula (IPP) is adopted to decide the price of gas. It is revised on the first of every month. However, it is not that it will not be changed in the middle of the month. Depending on the circumstances, it can be changed even in the middle of the month.
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