In Delhi, the price for a 14.2 kg gas cylinder has increased from 853 rupees to 913 rupees. Similarly, new rates for LPG cylinders have been set at 912.50 rupees in Mumbai, 939 rupees in Kolkata, and 928.50 rupees in Chennai. Additionally, the rates of commercial LPG gas cylinders have seen a significant increase of 115 rupees.

Current Situation

The rising prices have prompted the Indian government to take action, increasing the LPG booking period from 21 days to 25 days in an effort to curb hoarding. This move comes amid an acute shortage of commercial LPG cylinders that is disrupting the hospitality sector in major cities like Mumbai, Bengaluru, and Chennai.

According to the AHAR – Indian Hotels and Restaurants Association, “Despite being a basic operational requirement for restaurants and hotels, commercial cylinders are becoming increasingly difficult to obtain through proper channels.” This shortage has forced at least 20 percent of hotels and restaurants in Mumbai to shut down temporarily.

Government Response

In response to the ongoing crisis, the Government of India has invoked the Essential Commodities Act to ensure the supply of natural gas. Officials have stated that the supply of natural gas must be treated as a priority allocation and shall be maintained subject to operational availability to one hundred percent of their average past six-month average gas consumption.

Details remain unconfirmed regarding the exact impact of ongoing geopolitical conflicts on future gas cylinder prices. Observers are closely monitoring the situation as it continues to evolve, with potential implications for both consumers and businesses across the country.

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Recent Developments

Oil marketing companies have increased the prices of non-subsidised domestic LPG gas cylinders by 60 rupees across metropolitan cities in India. The price for a 14.2 kilogram gas cylinder has risen from 853 rupees to 913 rupees in Delhi. New rates for LPG cylinders are 912.50 rupees in Mumbai, 939 rupees in Kolkata, and 928.50 rupees in Chennai.

Additionally, the rates of commercial LPG gas cylinders have been increased by 115 rupees. This has created an acute shortage of commercial LPG cylinders, disrupting the hospitality sector in major cities such as Mumbai, Bengaluru, and Chennai.

Impact on the Hospitality Sector

At least 20 percent of the hotels and restaurants in Mumbai have had to shut down temporarily due to the LPG cylinder shortage. The situation has prompted the AHAR – Indian Hotels and Restaurants Association to voice concerns, stating, “Despite being a basic operational requirement for restaurants and hotels, commercial cylinders are becoming increasingly difficult to obtain through proper channels.”

Government Response

In response to the crisis, the Indian government has increased the LPG booking period from 21 days to 25 days to curb hoarding. Furthermore, the Government of India has invoked the Essential Commodities Act to ensure the supply of natural gas, emphasizing that “the supply of natural gas must be treated as priority allocation and shall be maintained subject to operational availability to one hundred percent of their average past six-month average gas consumption.”

Looking Ahead

Details remain unconfirmed regarding the exact impact of ongoing geopolitical conflicts on future gas cylinder prices. Observers are closely monitoring the situation as it evolves, particularly in relation to the hospitality sector’s recovery and the availability of LPG cylinders for consumers.

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