As December 2024 commences, consumers across India are facing adjustments in Liquefied Petroleum Gas (LPG) prices. State-run oil marketing companies have revised the rates for commercial LPG cylinders, while domestic cylinder prices remain unchanged.
This article provides a comprehensive overview of the latest LPG price changes, including detailed city-wise rates and insights into the factors influencing these adjustments.
Commercial LPG Cylinder Price Increase
Effective December 1, 2024, the price of 19 kg commercial LPG cylinders has been increased across major metropolitan cities. The hike ranges between ₹15.50 and ₹16.50 per cylinder, marking the fifth consecutive month of price increases for commercial LPG. This trend has resulted in a cumulative rise of approximately ₹173 over the past five months.
City-Wise Commercial LPG Cylinder Prices
The following table outlines the updated prices for 19 kg commercial LPG cylinders in key Indian cities:
| City | Price as of December 1, 2024 (₹) | Previous Price (₹) | Increase (₹) |
|---|---|---|---|
| Delhi | 1,818.50 | 1,802.00 | 16.50 |
| Kolkata | 1,927.00 | 1,911.50 | 15.50 |
| Mumbai | 1,771.00 | 1,754.50 | 16.50 |
| Chennai | 1,980.50 | 1,964.50 | 16.00 |
Note: Prices are subject to change based on government policies and market conditions.
Domestic LPG Cylinder Prices Unchanged
In contrast to the commercial segment, the prices for 14.2 kg domestic LPG cylinders have remained stable since August 2024. The current rates in major cities are as follows:
| City | Price (₹) |
|---|---|
| Delhi | 803.00 |
| Kolkata | 829.00 |
| Mumbai | 802.50 |
| Chennai | 818.50 |
Factors Influencing LPG Price Adjustments
Several factors contribute to the periodic revision of LPG prices in India:
- International Crude Oil Prices: Fluctuations in global crude oil prices directly impact the cost of LPG production and procurement.
- Exchange Rates: Variations in the Indian Rupee’s value against the U.S. Dollar affect import costs, influencing domestic LPG pricing.
- Government Policies: Subsidies, taxes, and other regulatory measures play a significant role in determining end-user prices for both domestic and commercial LPG cylinders.
Impact on Consumers and Businesses
The consistent increase in commercial LPG cylinder prices poses challenges for businesses, particularly those in the hospitality and food services sectors that rely heavily on LPG for daily operations.
These businesses may face higher operational costs, potentially leading to increased prices for consumers. On the other hand, the stability in domestic LPG prices provides some relief to households amid rising inflationary pressures.
Looking Ahead
Consumers and businesses are advised to stay informed about LPG price trends and anticipate potential future adjustments. Regular monitoring of official announcements from oil marketing companies and government agencies will help in better financial planning and management of energy expenses.
Why have commercial LPG cylinder prices increased in December 2024?
The increase is due to factors such as rising international crude oil prices, fluctuations in exchange rates, and adjustments in government policies affecting LPG pricing.
Have domestic LPG cylinder prices changed in December 2024?
No, the prices for 14.2 kg domestic LPG cylinders have remained unchanged since August 2024.
How often are LPG prices revised in India?
LPG prices are typically reviewed and revised on a monthly basis by state-run oil marketing companies, considering various economic factors.
