Recent Developments

Oil marketing companies have increased the prices of non-subsidised domestic LPG gas cylinders by 60 rupees across metropolitan cities in India. In Delhi, the price for a 14.2 kilogram gas cylinder has risen from 853 rupees to 913 rupees. New rates for LPG cylinders are now 912.50 rupees in Mumbai, 939 rupees in Kolkata, and 928.50 rupees in Chennai.

Additionally, the rates of commercial LPG gas cylinders have been increased by 115 rupees. This price hike comes at a time when the hospitality sector is facing significant challenges due to an acute shortage of commercial LPG cylinders, particularly in Mumbai, Bengaluru, and Chennai.

Impact on the Hospitality Sector

At least 20 percent of the hotels and restaurants in Mumbai have had to shut down temporarily due to the LPG cylinder shortage. The AHAR – Indian Hotels and Restaurants Association has expressed concerns, stating, “Despite being a basic operational requirement for restaurants and hotels, commercial cylinders are becoming increasingly difficult to obtain through proper channels.” This situation has created a ripple effect, impacting service delivery and operations.

Government Response

In response to the crisis, the Indian government has increased the LPG booking period from 21 days to 25 days to curb hoarding. Furthermore, the Government of India has invoked the Essential Commodities Act to ensure the supply of natural gas, emphasizing that “the supply of natural gas must be treated as priority allocation and shall be maintained subject to operational availability to one hundred percent of their average past six-month average gas consumption.”

Looking Ahead

Details remain unconfirmed regarding the exact impact of ongoing geopolitical conflicts on future gas cylinder prices. Observers are closely monitoring the situation as it unfolds, with many hoping for a resolution that stabilizes prices and ensures a steady supply for essential services.

The post Gas cylinder price appeared first on bangalinews.

The price of a 14.2-kg domestic LPG cylinder was hiked due to geopolitical disruptions to fuel supply. This increase has raised concerns among consumers and businesses alike.

Recent Developments

Oil marketing companies have increased the prices of non-subsidised domestic LPG gas cylinders by 60 rupees across metropolitan cities in India. In Delhi, the price for a 14.2 kilogram gas cylinder has risen from 853 rupees to 913 rupees.

The new rates for LPG cylinders are now 912.50 rupees in Mumbai, 939 rupees in Kolkata, and 928.50 rupees in Chennai. Additionally, rates of commercial LPG gas cylinders have been increased by 115 rupees.

Impact on the Hospitality Sector

An acute shortage of commercial LPG cylinders is disrupting the hospitality sector in major cities such as Mumbai, Bengaluru, and Chennai. Reports indicate that at least 20 percent of the hotels and restaurants in Mumbai had to shut down temporarily due to the LPG cylinder shortage.

AHAR – Indian Hotels and Restaurants Association has expressed concerns, stating, “Despite being a basic operational requirement for restaurants and hotels, commercial cylinders are becoming increasingly difficult to obtain through proper channels.” This shortage is particularly troubling for businesses that rely heavily on gas for their operations.

Government Response

In response to the situation, the Indian government has increased the LPG booking period from 21 days to 25 days to curb hoarding. Furthermore, the Government of India invoked the Essential Commodities Act to ensure the supply of natural gas, emphasizing that “the supply of natural gas must be treated as priority allocation and shall be maintained subject to operational availability to one hundred percent of their average past six-month average gas consumption.”

Looking Ahead

Details remain unconfirmed regarding the exact impact of ongoing geopolitical conflicts on future gas cylinder prices. Observers are closely monitoring the situation as it unfolds, particularly in relation to the hospitality sector’s recovery and the overall economic implications of these price hikes.

The post Gas cylinder price appeared first on bangalinews.