New Delhi: The price of commercial LPG cylinders has been increased by Rs 993, marking the third revision since the onset of the Iran–Israel conflict earlier this year. The latest hike is expected to significantly impact businesses that rely heavily on bulk fuel supplies.
Industry sources indicate that this is part of a series of price adjustments linked to rising global energy costs. The first increase, amounting to Rs 144, was introduced soon after tensions escalated in late February, followed by another Rs 200 hike at the beginning of April.
The cumulative rise is likely to put added financial strain on hotels, restaurants, and catering services, which depend on commercial LPG cylinders for daily operations. Many business owners fear that the increased input costs may eventually be passed on to consumers through higher food and service prices.
While domestic LPG rates for households remain largely unchanged, the burden of fluctuating global fuel prices is increasingly being absorbed by commercial users. Analysts point out that geopolitical instability in oil-producing regions has played a major role in driving up fuel costs worldwide.
With no immediate relief in sight, stakeholders in the hospitality sector are urging authorities to consider measures that could cushion the impact on small and medium-sized enterprises.
