Good news for restaurant owners and street food vendors! As the new financial year kicks off, LPG prices bring some relief, particularly for those who rely on 19 kg commercial cylinders. Let’s delve deeper into the price revisions and explore what this means for consumers.
Commercial LPG Cylinder Prices Get a Haircut
The highlight of this month’s LPG price update is the decrease in the cost of 19 kg commercial cylinders, often referred to as “Halwai cylinders.” Here’s a breakdown of the revised prices across major cities:
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| City | Previous Price (April 1st) | New Price (April 1st) | Change |
|---|---|---|---|
| Delhi | Rs. 1795 | Rs. 1764.50 | – Rs. 30.50 |
| Mumbai | Rs. 1772.50 | Rs. 1717.50 | – Rs. 55.00 |
| Kolkata | Rs. 1881.50 | Rs. 1879 | – Rs. 2.50 |
| Chennai | Rs. 1955.00 | Rs. 1930.00 | – Rs. 25.00 |
This price reduction is expected to bring some cheer to businesses in the food and beverage industry, potentially leading to a slight dip in eating-out costs for consumers in the long run.
Domestic LPG Cylinder Prices Remain Unchanged
However, there’s no change in the prices of 14.2 kg domestic LPG cylinders used in households. The cost remains Rs. 803 for non-subsidized consumers and Rs. 603 for beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY).
Understanding the Price Fluctuations
LPG prices are revised every month based on international crude oil prices and foreign exchange rates. While the initial crude oil prices on the first day of April showed a slight decline, these prices can fluctuate throughout the month. This, in turn, can influence future LPG price revisions.
The recent price hike in the commercial cylinders for February and March 2024 can be attributed to the earlier rise in international crude oil prices. However, the current dip in prices offers a welcome respite for businesses.
PM Ujjwala Yojana: Ensuring Subsidized LPG for All
The government’s extension of the PM Ujjwala Yojana by one year until March 2025 is a significant step towards ensuring access to clean and affordable cooking fuel for underprivileged families.
This scheme has successfully provided subsidized LPG connections to over 10 crore families, enabling them to switch from traditional fuels like firewood and kerosene to cleaner alternatives.
What to Expect in the Coming Months?
Predicting future LPG prices is difficult due to the ever-changing dynamics of the global oil market. However, keeping an eye on crude oil price trends can give some insights. It’s advisable to stay updated on price revisions by checking with your LPG distributors or referring to official announcements from oil marketing companies.
Conclusion
The April 2024 LPG price revision brings a sigh of relief for commercial LPG users, while domestic cylinder prices remain stable. The PM Ujjwala Yojana’s extension ensures continued access to clean fuel for underprivileged families. As the year progresses, monitoring global oil price movements will be crucial to understand the potential impact on future LPG pricing.
