Commercial LPG Prices Surge in Delhi Amid Rising Global Tensions
Big jump in 19-kg LPG price; Delhi rate now at Rs 3,071.50; no change in domestic cylinder rates
The Economic Times
Image: The Economic Times
The price of a 19-kg commercial LPG cylinder in Delhi has increased by ₹993, reaching ₹3,071.50 effective May 1. Domestic cylinder rates remain unchanged despite the hike, which is attributed to rising geopolitical tensions affecting crude and gas imports from West Asia.
- 0119-kg commercial LPG cylinder price increased by ₹993.
- 02New price for the cylinder is ₹3,071.50 in Delhi.
- 03Domestic LPG cylinder rates remain unchanged.
- 04The price hike is linked to geopolitical tensions in the Middle East.
- 05India's reliance on West Asian countries for energy imports is significant.
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Effective May 1, the price of a 19-kg commercial LPG cylinder in Delhi has surged by ₹993, bringing the total cost to ₹3,071.50. This increase comes amidst rising geopolitical tensions, particularly following the US-Israel strikes on Iran on February 28. Despite the hike in commercial LPG prices, domestic cylinder rates remain stable. India heavily relies on West Asian countries, such as Saudi Arabia and the UAE, for its energy needs, with over half of its crude oil imports and a significant portion of gas and LPG sourced from the region. The ongoing geopolitical situation may further influence energy prices in the future.
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The increase in commercial LPG prices may lead to higher costs for businesses that rely on LPG for cooking and heating, potentially affecting consumer prices for goods and services.
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