Commercial LPG Prices: Starting today, get ready to pay more for your Zomato and Swiggy orders! State-owned oil marketing companies such as Hindustan Petroleum Corporation, Bharat Petroleum Corporation and Indian Oil Corporation have revised the refill cost of commercial Liquefied petroleum gas (LPG) cylinders by up to Rs. 218. However, pricing of domestic LPG cylinders remain unchanged.
In Delhi, the price of a 19-kg commercial cylinder would now be Rs. 2078.50 and it would be Rs. 2161 in Bengaluru. On March 1, prices were last raised by Rs. 114.50 after the Middle East crisis escalated after the joint forces of USA and Israel attacked the Islamic Republic of Iran.
Commercial LPG Prices-Why The Price Rise?
The increase in commercial LPG cylinders is because of the ongoing Middle East crisis. The supplies of Brent Crude and other materials have taken a massive hit ever since Iran restricted the movements of shipments and oil tankers from the strategic Strait of Hormuz.
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Dan Jorgensen, European Union’s energy commissioner, has issued a stern warning that the prices are not coming down anytime soon even if peace is announced tomorrow. The EU Energy Commissioner said increasing constraints in gas markets across the world have pushed electricity prices even though there is no immediate shortage of oil and gas supplies in the European Union.
Aviation Turbine Fuel (ATF) Hike
Starting April 1, the price of aviation turbine fuel (ATF) has been increased by more than double to a staggering Rs. 2.07 lakh per kilolitre. This is the first time in the history of Indian aviation that the ATF prices have crossed the Rs. 2 lakh per kilolitre mark. In 2022, ATF rates were increased by Rs. 1.1 lakh after Russia started war against Ukraine.
Immediately after, the government announced that only a partial and staggered increase of 25 percent (only Rs.15 per litre) to the airlines would be applied. However, foreign routes will pay for the full increase in ATF prices consistent with what they pay in other parts of the world.
