Commercial LPG cylinder prices increased in Delhi and Kolkata on June 1, 2024 [6].
These price hikes impact businesses and food vendors who rely on commercial gas, potentially driving up the cost of goods and services for consumers.
In Delhi, the price for a 19-kg commercial cylinder rose by Rs 42 [1]. This brings the current price in the capital to Rs 3,113.50 [4]. For comparison, the price for the same cylinder in January was Rs 1,691.50 [3].
Kolkata saw a steeper increase, with rates rising by Rs 53.5 [2]. Reports said that Mumbai has also been heavily affected by the pricing volatility [1].
This latest adjustment marks the second price increase since May 1, 2024 [6]. The previous hike on May 1 saw prices rise by Rs 993 per cylinder [5].
Supply disruptions caused by the conflict between Iran and the U.S. are the primary drivers behind these increases [1]. The ongoing Middle East conflict has created instability in the energy markets, leading to higher costs for LPG suppliers in India [2].
“Commercial LPG cylinder prices increased in Delhi and Kolkata on June 1, 2024.”
The sharp increase in commercial LPG prices, nearly doubling since January in Delhi, reflects India's vulnerability to geopolitical instability in the Middle East. Because commercial cylinders are primarily used by the hospitality and restaurant sectors, these costs are likely to be passed on to consumers through higher food prices, contributing to broader inflationary pressure.
