Commercial LPG Cylinder Prices Surge by Rs 102, Raising Concerns in Hospitality Sector

The nation is grappling with an increase in the prices of commercial LPG cylinders. The latest surge has seen a substantial hike of Rs 102 for a 19-kg cylinder, bringing the new price to Rs. 1842. The underlying reason for this price escalation lies in the consistent upward trend of crude oil prices in the international market.

The hospitality sector, particularly restaurants and hotels, bears the brunt of this spike in LPG cylinder rates. Restaurant owners are understandably anxious, as this surge may jeopardize their operations. With cooking gas prices soaring uncontrollably, they face the grim possibility of having to close down their kitchens. Moreover, the inevitable rise in food prices resulting from these hikes could exert considerable pressure on the common man’s pocket, posing a real threat to the hotel and restaurant sector.

Despite the concerns within the commercial sector, it’s worth noting that domestic LPG cylinder prices have remained stable, offering some relief to the general public. However, the price fluctuations in commercial LPG cylinders emphasize the economic challenges faced by various industries and underscore the need for stability and affordability in essential commodities.