Indian Oil Corporation (IOC) has increased the prices of commercial LPG and 5kg non-domestic cylinders effective September 1. Domestic 14.2kg cylinders remain unchanged.

  • Commercial 19kg LPG cylinders see an average price hike of ₹9.50.
  • 5kg non-domestic cylinders increased by ₹2, now priced at ₹764.
  • Domestic 14.2kg LPG cylinder rates remain stable, providing relief to households.
  • Aviation Turbine Fuel (ATF) prices surged by ₹6.28 per litre.

The Indian Oil Corporation (IOC) announced a price hike for commercial LPG cylinders effective Tuesday, September 1. This adjustment impacts businesses and commercial establishments across the country, with the 19kg commercial cylinder seeing an average increase of ₹9.50, though the exact amount varies by city.

In major metropolitan hubs, the 19kg cylinder is now priced at ₹2,747.50 in Delhi and ₹2,701 in Mumbai. In South India, the rates are ₹2,916.50 in Chennai and ₹2,784 in Bengaluru. The highest hike was recorded in Kolkata, where the price rose by ₹11.50 to reach ₹2,884.

Read Also:EU Says It Can't Stop Sony's Move Away From Physical Discs

Impact on Patna and Other Cities

The impact is most pronounced in Patna, where the commercial cylinder has crossed the psychological barrier of ₹3,000, now retailing at ₹3,029. Similarly, prices in Hyderabad have reached ₹2,996 and Bhubaneswar at ₹2,919.

Why This Matters

BozokMedia analysis shows that the hike in commercial gas prices will directly increase operational costs for hotels, restaurants, and street food vendors. This cost-push inflation is likely to trickle down to the end consumer in the form of higher food prices. The move reflects the volatility of the global energy market.

"The ongoing conflict in West Asia has disrupted global energy supply chains, leading to an unexpected surge in crude oil and LPG procurement costs."

Adding to the inflationary pressure, Aviation Turbine Fuel (ATF) for domestic airlines has increased by ₹6.28 per litre, rising from ₹115.00 to ₹121.28, which may lead to higher airfares in the coming weeks.

Historical Background and Current Context

Historically, LPG prices in India are sensitive to the international Brent crude oil market and agreements with OPEC nations. The current volatility is driven by geopolitical instability in West Asia. Despite these challenges, IOC stated that it has boosted LPG production by 30% and is operating its refineries at over 100% capacity to ensure supply stability.

City Commercial Cylinder (19kg) Price Approx. Hike
Delhi ₹2,747.50 ₹9.50
Patna ₹3,029.00 ₹10-12
Mumbai ₹2,701.00 ₹9.50
Kolkata ₹2,884.00 ₹11.50
Did You Know?: India is one of the world's largest importers of LPG, making its domestic commercial prices highly susceptible to geopolitical tensions in the Middle East.

Frequently Asked Questions

1. Have domestic LPG (14.2kg) prices increased?
No, oil marketing companies have not made any changes to the prices of domestic household cylinders.

2. What is the current price of a commercial cylinder in Patna?
The new price for a 19kg commercial cylinder in Patna is ₹3,029.